Standard Pacific (NYS: SPF) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Standard Pacific missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. GAAP earnings per share grew significantly.
Margins grew across the board.
Standard Pacific booked revenue of $434.3 million. The 10 analysts polled by S&P Capital IQ predicted a top line of $451.9 million on the same basis. GAAP reported sales were 59% higher than the prior-year quarter's $280.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.11. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.09 per share. GAAP EPS of $0.11 for Q2 were 175% higher than the prior-year quarter's $0.04 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.0%, 300 basis points better than the prior-year quarter. Operating margin was 11.7%, 570 basis points better than the prior-year quarter. Net margin was 9.7%, 460 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $556.9 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $1.97 billion. The average EPS estimate is $0.39.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 368 members out of 616 rating the stock outperform, and 248 members rating it underperform. Among 163 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 86 give Standard Pacific a green thumbs-up, and 77 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Standard Pacific is outperform, with an average price target of $9.56.
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The article Standard Pacific's Earnings Beat Last Year's by 175% originally appeared on Fool.com.
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