What Does Wall Street See for Praxair's Q2?
Praxair (NYS: PX) is expected to report Q2 earnings on July 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Praxair's revenues will expand 2.2% and EPS will grow 2.9%.
The average estimate for revenue is $2.92 billion. On the bottom line, the average EPS estimate is $1.42.
Revenue details
Last quarter, Praxair reported revenue of $2.84 billion. GAAP reported sales were 5.1% higher than the prior-year quarter's $2.70 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $1.38. GAAP EPS of $1.38 for Q1 were 7.0% higher than the prior-year quarter's $1.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 43.1%, 10 basis points worse than the prior-year quarter. Operating margin was 22.0%, 10 basis points better than the prior-year quarter. Net margin was 14.8%, 10 basis points better than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $11.73 billion. The average EPS estimate is $5.79.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 667 members out of 694 rating the stock outperform, and 27 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Praxair a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Praxair is outperform, with an average price target of $116.00.
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The article What Does Wall Street See for Praxair's Q2? 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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