LG Display Misses on the Top and Bottom Lines
LG Display (NYS: LPL) reported earnings on April 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), LG Display missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins contracted, operating margins grew, net margins grew.
LG Display recorded revenue of $6.11 billion. The 25 analysts polled by S&P Capital IQ wanted to see revenue of $6.30 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $5.46 billion.
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 $0.01. The two earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS were $0.01 for Q1 versus -$0.32 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 2.2%, 310 basis points worse than the prior-year quarter. Operating margin was 2.2%, 550 basis points better than the prior-year quarter. Net margin was 0.0%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $6.60 billion. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $27.49 billion. The average EPS estimate is $1.08.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 303 members out of 327 rating the stock outperform, and 24 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give LG Display a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LG Display is underperform, with an average price target of $14.16.
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The article LG Display Misses on the Top and Bottom Lines 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. The Motley Fool has no position in any of the stocks mentioned. 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.