Agilent Technologies Beats on EPS But GAAP Results Lag
Agilent Technologies (NYS: A) reported earnings on May 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended April 30 (Q2), Agilent Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share dropped. GAAP earnings per share shrank significantly.
Margins contracted across the board.
Agilent Technologies booked revenue of $1.73 billion. The 13 analysts polled by S&P Capital IQ hoped for net sales of $1.74 billion 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 came in at $0.77. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.67 per share. Non-GAAP EPS of $0.77 for Q2 were 1.3% lower than the prior-year quarter's $0.78 per share. GAAP EPS of $0.48 for Q2 were 33% lower than the prior-year quarter's $0.72 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 51.4%, 160 basis points worse than the prior-year quarter. Operating margin was 12.3%, 500 basis points worse than the prior-year quarter. Net margin was 9.6%, 510 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.64 billion. On the bottom line, the average EPS estimate is $0.64.
Next year's average estimate for revenue is $6.79 billion. The average EPS estimate is $2.80.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 507 members out of 575 rating the stock outperform, and 68 members rating it underperform. Among 132 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 125 give Agilent Technologies 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 Agilent Technologies is outperform, with an average price target of $48.47.
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The article Agilent Technologies Beats on EPS But GAAP Results Lag 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.