USG (NYS: USG) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), USG beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. Non-GAAP earnings per share increased. GAAP earnings per share grew.
Margins grew across the board.
USG notched revenue of $916.0 million. The 15 analysts polled by S&P Capital IQ foresaw revenue of $881.2 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $798.0 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 $0.23. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.19 per share. Non-GAAP EPS were $0.23 for Q2 against -$0.15 per share for the prior-year quarter. GAAP EPS were $0.22 for Q2 versus -$0.54 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 16.5%, 370 basis points better than the prior-year quarter. Operating margin was 8.2%, 470 basis points better than the prior-year quarter. Net margin was 2.7%, 980 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $931.8 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $3.56 billion. The average EPS estimate is $0.65.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,708 members out of 1,848 rating the stock outperform, and 140 members rating it underperform. Among 492 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 463 give USG a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on USG is outperform, with an average price target of $30.92.
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The article USG Beats on Both Top and Bottom Lines originally appeared on Fool.com.
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