Can Precision Castparts Meet These Numbers?

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Precision Castparts (NYS: PCP) is expected to report Q1 earnings around July 26. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Precision Castparts' revenues will improve 19.7% and EPS will improve 19.8%.

The average estimate for revenue is $2.01 billion. On the bottom line, the average EPS estimate is $2.36.


Revenue details
Last quarter, Precision Castparts reported revenue of $1.95 billion. GAAP reported sales were 15% higher than the prior-year quarter's $1.67 billion.

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

EPS details
Last quarter, non-GAAP EPS came in at $2.28. GAAP EPS of $2.30 for Q4 were 23% higher than the prior-year quarter's $1.87 per share.

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

Recent performance
For the preceding quarter, gross margin was 32.0%, 250 basis points better than the prior-year quarter. Operating margin was 26.0%, 200 basis points better than the prior-year quarter. Net margin was 17.4%, 120 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $8.46 billion. The average EPS estimate is $10.13.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,281 members rating the stock outperform, and 32 members rating it underperform. Among 368 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 363 give Precision Castparts a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Precision Castparts is outperform, with an average price target of $186.70.

The article Can Precision Castparts Meet These Numbers? originally appeared on Fool.com.

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. Motley Fool newsletter services have recommended buying shares of Precision Castparts. 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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