Panasonic (NYS: PC) reported earnings on July 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q1), Panasonic missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share grew.
Margins expanded across the board.
Panasonic notched revenue of $22.70 billion. The six analysts polled by S&P Capital IQ predicted a top line of $23.54 billion on the same basis. GAAP reported sales were 5.1% lower than the prior-year quarter's $23.93 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 $0.07. The one earnings estimate compiled by S&P Capital IQ anticipated $0.04 per share. GAAP EPS were $0.07 for Q1 compared to -$0.16 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 quarter, gross margin was 25.5%, 90 basis points better than the prior-year quarter. Operating margin was 2.1%, 180 basis points better than the prior-year quarter. Net margin was 0.7%, 230 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $26.03 billion. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $101.27 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 275 rating the stock outperform, and 33 members rating it underperform. Among 55 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 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 $10.12.
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The article Panasonic Beats Analyst Estimates on EPS originally appeared on Fool.com.
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