The Gory Details on Agilent Technologies's Double Miss
Agilent Technologies (NYS: A) reported earnings on Aug. 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 31 (Q3), Agilent Technologies missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Agilent Technologies logged revenue of $1.72 billion. The 15 analysts polled by S&P Capital IQ hoped for revenue of $1.79 billion on the same basis. GAAP reported sales were 1.9% higher than the prior-year quarter's $1.69 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 $0.79. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.83 per share. GAAP EPS of $0.69 for Q3 were 25% lower than the prior-year quarter's $0.92 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 51.7%, 100 basis points worse than the prior-year quarter. Operating margin was 15.7%, 170 basis points worse than the prior-year quarter. Net margin was 14.1%, 540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.87 billion. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $7.03 billion. The average EPS estimate is $3.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 515 members out of 584 rating the stock outperform, and 69 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Agilent Technologies a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Agilent Technologies is buy, with an average price target of $51.03.
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The article The Gory Details on Agilent Technologies's Double Miss 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.