Parker Hannifin (NYS: PH) reported earnings on Jan. 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Parker Hannifin met expectations on revenue and missed on earnings per share.
Compared to the prior-year quarter, revenue grew, and earnings per share grew.
Gross margins dropped, operating margins increased, net margins dropped.
Parker Hannifin logged revenue of $3.1 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $3.1 billion. Sales were 8.4% higher than the prior-year quarter's $2.9 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $1.56. The 14 earnings estimates compiled by S&P Capital IQ forecast $1.62 per share. GAAP EPS of $1.56 for Q2 were 12% higher than the prior-year quarter's $1.39 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 23.4%, 10 basis points worse than the prior-year quarter. Operating margin was 11.5%, 10 basis points better than the prior-year quarter. Net margin was 7.7%, 30 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $3.4 billion. On the bottom line, the average EPS estimate is $1.92.
Next year's average estimate for revenue is $13.1 billion. The average EPS estimate is $7.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 553 members out of 569 rating the stock outperform, and 16 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 181 give Parker Hannifin a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Parker Hannifin is outperform, with an average price target of $93.50.
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At the time thisarticle 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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