Panasonic (NYS: PC) is expected to report Q1 earnings on July 28. 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 Panasonic's revenues will shrink 2.4% and EPS will compress 123.5%.
The average estimate for revenue is $23.36 billion. On the bottom line, the average EPS estimate is $0.04.
Last quarter, Panasonic booked revenue of $22.82 billion. 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.
Last quarter, non-GAAP EPS came in at -$2.37. GAAP EPS were -$2.30 for Q4 versus -$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 preceding 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.
The full year's average estimate for revenue is $101.26 billion. The average EPS estimate is $0.22.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 242 members out of 276 rating the stock outperform, and 34 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Panasonic a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panasonic is outperform, with an average price target of $9.85.
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The article What to Expect from Panasonic 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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