Golf Clap for URS

URS (NYSE: URS  ) reported earnings on Feb. 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 28 (Q4), URS met expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew significantly.

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

Revenue details
URS logged revenue of $2.97 billion. The 10 analysts polled by S&P Capital IQ wanted to see revenue of $2.94 billion on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $2.39 billion.

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 $0.95. The 12 earnings estimates compiled by S&P Capital IQ forecast $0.96 per share. GAAP EPS of $0.95 for Q4 were 157% higher than the prior-year quarter's $0.37 per share.

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 5.5%, 800 basis points worse than the prior-year quarter. Operating margin was 4.7%, 10 basis points worse than the prior-year quarter. Net margin was 2.4%, 120 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $2.93 billion. On the bottom line, the average EPS estimate is $1.14.

Next year's average estimate for revenue is $11.78 billion. The average EPS estimate is $4.56.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on URS is outperform, with an average price target of $48.08.

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