West Pharmaceutical Services Beats Analyst Estimates on EPS
West Pharmaceutical Services (NYS: WST) filed its 10-K on Feb. 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), West Pharmaceutical Services beat slightly on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins grew across the board.
West Pharmaceutical Services booked revenue of $295.4 million. The two analysts polled by S&P Capital IQ expected net sales of $290.1 million on the same basis. GAAP reported sales were 6.7% higher than the prior-year quarter's $276.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.59. The four earnings estimates compiled by S&P Capital IQ predicted $0.55 per share on the same basis. GAAP EPS of $0.54 for Q4 were 157% higher than the prior-year quarter's $0.21 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 28.9%, 70 basis points better than the prior-year quarter. Operating margin was 10.1%, 270 basis points better than the prior-year quarter. Net margin was 6.4%, 420 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $308.2 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $2.47.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on West Pharmaceutical Services is hold, with an average price target of $44.00.
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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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