PerkinElmer (NYS: PKI) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q2), PerkinElmer missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins grew across the board.
PerkinElmer notched revenue of $521.8 million. The 12 analysts polled by S&P Capital IQ expected a top line of $537.8 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $479.5 million.
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 $0.53. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.47 per share. GAAP EPS of $0.29 for Q2 were 16% higher than the prior-year quarter's $0.25 per share. (The prior-year quarter included $0.01 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 45.8%, 210 basis points better than the prior-year quarter. Operating margin was 10.6%, 160 basis points better than the prior-year quarter. Net margin was 6.4%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $505.7 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $2.13 billion. The average EPS estimate is $1.99.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 121 members out of 133 rating the stock outperform, and 12 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give PerkinElmer a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on PerkinElmer is outperform, with an average price target of $30.85.
Add PerkinElmer to My Watchlist.
The article PerkinElmer Beats Analyst Estimates on EPS 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. The Motley Fool has no positions in the stocks mentioned above. 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.