Charting Air Products & Chemicals' Latest Earnings Release
Air Products & Chemicals (NYS: APD) reported earnings on July 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q3), Air Products & Chemicals missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share improved significantly.
Margins improved across the board.
Air Products & Chemicals reported revenue of $2.34 billion. The 11 analysts polled by S&P Capital IQ anticipated sales of $2.45 billion on the same basis. GAAP reported sales were 9.2% lower than the prior-year quarter's $2.58 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 $1.41. The 17 earnings estimates compiled by S&P Capital IQ predicted $1.41 per share. GAAP EPS of $2.25 for Q3 were 50% higher than the prior-year quarter's $1.50 per share. (The prior-year quarter included $0.04 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 27.7%, 70 basis points better than the prior-year quarter. Operating margin was 17.0%, 100 basis points better than the prior-year quarter. Net margin was 20.7%, 800 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.55 billion. On the bottom line, the average EPS estimate is $1.50.
Next year's average estimate for revenue is $9.75 billion. The average EPS estimate is $5.52.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 664 members out of 682 rating the stock outperform, and 18 members rating it underperform. Among 157 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 153 give Air Products & Chemicals 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 Air Products & Chemicals is outperform, with an average price target of $98.75.
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The article Charting Air Products & Chemicals' Latest Earnings Release 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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