Hitachi Increases Sales but Misses Revenue Estimate
Hitachi (NYS: HIT) reported earnings on Feb. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Hitachi missed estimates on revenues and NA on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Hitachi notched revenue of $29.44 billion. The six analysts polled by S&P Capital IQ foresaw sales of $30.11 billion. Sales were 5.5% higher than the prior-year quarter's $27.90 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.09. The two earnings estimates compiled by S&P Capital IQ anticipated $1.36 per share. GAAP EPS of $0.09 for Q3 were 44% lower than the prior-year quarter's $0.16 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 25.1%, 90 basis points worse than the prior-year quarter. Operating margin was 4.2%, 110 basis points worse than the prior-year quarter. Net margin was 1.5%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $34.37 billion. On the bottom line, the average EPS estimate is $3.38.
Next year's average estimate for revenue is $124.17 billion. The average EPS estimate is $5.79.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 107 members out of 128 rating the stock outperform, and 21 members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Hitachi 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 Hitachi is outperform, with an average price target of $69.36.
- Add Hitachi to My Watchlist.
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.