DuPont Beats Analyst Estimates on EPS
DuPont (NYS: DD) reported earnings on April 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), DuPont met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, both revenue and GAAP earnings per share expanded.
Gross margin grew, while both operating margin and net margin contracted.
DuPont recorded revenue of $11.23 billion. The 13 analysts polled by S&P Capital IQ foresaw revenue of $11.18 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $10.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $1.61. The 16 earnings estimates compiled by S&P Capital IQ predicted $1.55 per share on the same basis. GAAP EPS of $1.57 for Q1 were 3.3% higher than the prior-year quarter's $1.52 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 33.1%, 60 basis points better than the prior-year quarter. Operating margin was 18.3%, 10 basis points worse than the prior-year quarter. Net margin was 13.2%, 100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $11.23 billion. On the bottom line, the average EPS estimate is $1.47.
Next year's average estimate for revenue is $41.27 billion. The average EPS estimate is $4.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,671 members rating the stock outperform and 108 members rating it underperform. Among 443 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 432 give DuPont a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DuPont is outperform, with an average price target of $56.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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