Plantronics Beats Analyst Estimates on EPS
Plantronics (NYS: PLT) reported earnings on Oct. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Plantronics met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share grew.
Margins shrank across the board.
Plantronics booked revenue of $179.3 million. The eight analysts polled by S&P Capital IQ anticipated a top line of $178.4 million on the same basis. GAAP reported sales were 1.3% higher than the prior-year quarter's $176.9 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 $0.70. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.64 per share. GAAP EPS of $0.61 for Q2 were 1.7% higher than the prior-year quarter's $0.60 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 54.2%, 170 basis points worse than the prior-year quarter. Operating margin was 19.3%, 160 basis points worse than the prior-year quarter. Net margin was 14.5%, 110 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $187.5 million. On the bottom line, the average EPS estimate is $0.69.
Next year's average estimate for revenue is $733.1 million. The average EPS estimate is $2.63.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 125 members out of 134 rating the stock outperform, and nine members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Plantronics a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Plantronics is outperform, with an average price target of $39.79.
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The article Plantronics 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.