Fibria Celulose Increases Sales but Misses Estimates on Earnings

Fibria Celulose (NYSE: FBR  ) reported earnings on July 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Fibria Celulose met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue increased slightly. Non-GAAP loss per share increased. GAAP loss per share grew.

Gross margins grew, operating margins grew, net margins dropped.

Revenue details
Fibria Celulose booked revenue of $753.2 million. The 10 analysts polled by S&P Capital IQ expected revenue of $748.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.48. The five earnings estimates compiled by S&P Capital IQ predicted -$0.26 per share. Non-GAAP EPS were -$0.48 for Q2 compared to -$0.44 per share for the prior-year quarter. GAAP EPS were -$0.49 for Q2 versus -$0.44 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 19.9%, 360 basis points better than the prior-year quarter. Operating margin was 8.6%, 350 basis points better than the prior-year quarter. Net margin was -35.7%, 40 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $807.1 million. On the bottom line, the average EPS estimate is $0.00.

Next year's average estimate for revenue is $2.95 billion. The average EPS estimate is -$0.07.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 212 members out of 225 rating the stock outperform, and 13 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Fibria Celulose a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Fibria Celulose is hold, with an average price target of $12.26.

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