Golf Clap for Praxair
Praxair (NYS: PX) reported earnings on Jan. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Praxair met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share was unchanged.
Gross margins grew, operating margins expanded, net margins shrank.
Praxair recorded revenue of $2.80 billion. The 13 analysts polled by S&P Capital IQ predicted sales of $2.78 billion on the same basis. GAAP reported sales were 0.1% higher than the prior-year quarter's $2.80 billion.
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 $1.38. The 17 earnings estimates compiled by S&P Capital IQ forecast $1.37 per share. GAAP EPS of $1.38 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.4%, 60 basis points better than the prior-year quarter. Operating margin was 22.0%, 80 basis points better than the prior-year quarter. Net margin was 14.8%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.96 billion. On the bottom line, the average EPS estimate is $1.46.
Next year's average estimate for revenue is $11.96 billion. The average EPS estimate is $6.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 670 members out of 695 rating the stock outperform, and 25 members rating it underperform. Among 160 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 158 give Praxair a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Praxair is outperform, with an average price target of $116.32.
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The article Golf Clap for Praxair originally appeared on Fool.com.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. The Motley Fool has no position in any of the stocks mentioned. 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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