Cooper Beats on Both Top and Bottom Lines
Cooper (NYS: COO) reported earnings on March 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Cooper beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins expanded across the board.
Cooper reported revenue of $326.1 million. The seven analysts polled by S&P Capital IQ foresaw a top line of $319.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $293.2 million.
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 $1.12. The nine earnings estimates compiled by S&P Capital IQ predicted $1.04 per share. GAAP EPS of $1.12 for Q1 were 17% higher than the prior-year quarter's $0.96 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 64.5%, 360 basis points better than the prior-year quarter. Operating margin was 18.9%, 160 basis points better than the prior-year quarter. Net margin was 16.8%, 140 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $349.3 million. On the bottom line, the average EPS estimate is $1.18.
Next year's average estimate for revenue is $1.43 billion. The average EPS estimate is $5.01.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cooper is outperform, with an average price target of $75.88.
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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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