Amphenol Beats Estimates on Top and Bottom Lines
Amphenol (NYS: APH) reported earnings on Jan. 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Amphenol beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged, and earnings per share dropped.
Margins dropped across the board.
Amphenol booked revenue of $949 million. The 13 analysts polled by S&P Capital IQ looked for revenue of $932 million. Sales were 0.1% lower than the prior-year quarter's $950 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.73. The 15 earnings estimates compiled by S&P Capital IQ averaged $0.70 per share on the same basis. GAAP EPS of $0.69 for Q4 were 6.7% lower than the prior-year quarter's $0.74 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 31.1%, 150 basis points worse than the prior-year quarter. Operating margin was 18.5%, 160 basis points worse than the prior-year quarter. Net margin was 12.0%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $944 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $4.1 billion. The average EPS estimate is $3.22.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Amphenol is outperform, with an average price target of $49.67.
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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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