Siemens Whiffs on Earnings
Siemens (NYS: SI) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Siemens beat expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Siemens notched revenue of $25.73 billion. The 11 analysts polled by S&P Capital IQ wanted to see net sales of $24.80 billion on the same basis. GAAP reported sales were 2.4% higher than the prior-year quarter's $25.13 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 $1.48. The one earnings estimate compiled by S&P Capital IQ anticipated $2.17 per share. GAAP EPS of $1.48 for Q2 were 67% lower than the prior-year quarter's $4.49 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%, 230 basis points worse than the prior-year quarter. Operating margin was 10.2%, 140 basis points worse than the prior-year quarter. Net margin was 5.1%, 1,070 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.90 billion. On the bottom line, the average EPS estimate is $2.34.
Next year's average estimate for revenue is $101.04 billion. The average EPS estimate is $8.88.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 862 members out of 899 rating the stock outperform, and 37 members rating it underperform. Among 187 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 182 give Siemens 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 Siemens is outperform, with an average price target of $114.35.
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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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