LG Display (NYS: LPL) is expected to report Q3 earnings on Oct. 26. 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 LG Display's revenues will increase 23.5% and EPS will decrease -149.1%.
The average estimate for revenue is $6.56 billion. On the bottom line, the average EPS estimate is $0.27.
Last quarter, LG Display reported revenue of $6.05 billion. GAAP reported sales were 6.8% higher than the prior-year quarter's $5.66 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 -$0.14. GAAP EPS were -$0.27 for Q2 against $0.06 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 11.1%, 360 basis points better than the prior-year quarter. Operating margin was 3.6%, 480 basis points better than the prior-year quarter. Net margin was -1.6%, 200 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $25.11 billion. The average EPS estimate is $0.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 306 members out of 332 rating the stock outperform, and 26 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give LG Display 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 LG Display is outperform, with an average price target of $12.16.
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The article What to Expect from LG Display originally appeared on Fool.com.
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