Danaher Beats Analyst Estimates on EPS
Danaher (NYS: DHR) reported earnings on July 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 29 (Q2), Danaher met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share shrank.
Gross margins dropped, operating margins expanded, net margins contracted.
Danaher booked revenue of $4.55 billion. The 16 analysts polled by S&P Capital IQ looked for revenue of $4.58 billion on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $3.71 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 $0.84. The 19 earnings estimates compiled by S&P Capital IQ predicted $0.80 per share. GAAP EPS of $0.84 for Q2 were 11% lower than the prior-year quarter's $0.94 per share. (The prior-year quarter included $0.29 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.7%, 70 basis points worse than the prior-year quarter. Operating margin was 17.4%, 90 basis points better than the prior-year quarter. Net margin was 13.2%, 430 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $4.51 billion. On the bottom line, the average EPS estimate is $0.81.
Next year's average estimate for revenue is $18.22 billion. The average EPS estimate is $3.25.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 518 members out of 541 rating the stock outperform, and 24 members rating it underperform. Among 147 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give Danaher a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Danaher is outperform, with an average price target of $60.45.
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The article Danaher Beats Analyst Estimates on EPS 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. 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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