Bemis Beats Analyst Estimates on EPS
Bemis (NYS: BMS) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Bemis met expectations on revenues and beat expectations on earnings per share.
Compared with the prior-year quarter, revenue contracted slightly and GAAP earnings per share contracted.
Gross margins increased, operating margins dropped, net margins shrank.
Bemis booked revenue of $1.30 billion. The 10 analysts polled by S&P Capital IQ hoped for revenue of $1.32 billion on the same basis. GAAP reported sales were 1.5% lower than the prior-year quarter's $1.32 billion.
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 $0.49. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.47 per share on the same basis. GAAP EPS of $0.42 for Q1 were 11% lower than the prior-year quarter's $0.47 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 17.7%, 30 basis points better than the prior-year quarter. Operating margin was 7.4%, 60 basis points worse than the prior-year quarter. Net margin was 3.4%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.36 billion. On the bottom line, the average EPS estimate is $0.54.
Next year's average estimate for revenue is $5.35 billion. The average EPS estimate is $2.11.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bemis is hold, with an average price target of $32.78.
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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. He is the 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 don't 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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