Praxair (NYS: PX) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Praxair missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share expanded slightly.
Margins expanded across the board.
Praxair logged revenue of $2.81 billion. The 12 analysts polled by S&P Capital IQ wanted to see a top line of $2.92 billion on the same basis. GAAP reported sales were 1.6% lower than the prior-year quarter's $2.86 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 $1.42. The 16 earnings estimates compiled by S&P Capital IQ predicted $1.42 per share. GAAP EPS of $1.42 for Q2 were 2.9% higher than the prior-year quarter's $1.38 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 43.0%, 40 basis points better than the prior-year quarter. Operating margin was 22.6%, 60 basis points better than the prior-year quarter. Net margin was 15.3%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.98 billion. On the bottom line, the average EPS estimate is $1.49.
Next year's average estimate for revenue is $11.73 billion. The average EPS estimate is $5.79.
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 151 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 148 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 $119.89.
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The article Charting Praxair's Latest Earnings Release originally appeared on Fool.com.
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