Charting Panasonic's Latest Earnings Release
Panasonic (NYS: PC) reported earnings on Tuesday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Panasonic missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP loss per share expanded.
Gross margins were steady, operating margins shrank, and net margins shrank.
Panasonic tallied revenue of $22.82 billion. The seven analysts polled by S&P Capital IQ wanted to see revenue of $24.13 billion on the same basis. GAAP reported sales were 7.3% lower than the prior-year quarter's $24.61 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 -$2.30. The one earnings estimate compiled by S&P Capital IQ predicted -$2.40 per share. GAAP EPS were -$2.30 for Q4 against -$0.24 per share for 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 26.5%, about the same as the prior-year quarter. Operating margin was 0.2%, 180 basis points worse than the prior-year quarter. Net margin was -23.3%, 2,130 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.56 billion. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $101.22 billion. The average EPS estimate is $0.34.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 241 members rating the stock outperform and 34 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Panasonic a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panasonic is hold, with an average price target of $9.85.
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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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