The Gory Details of Sanofi's Earnings Miss
Sanofi (ENXTPA: SAN) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Sanofi missed estimates on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Sanofi booked revenue of $10.33 billion. The nine analysts polled by S&P Capital IQ foresaw sales of $10.60 billion on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $11.91 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 $1.56. The nine earnings estimates compiled by S&P Capital IQ forecast $1.74 per share. Non-GAAP EPS of $1.56 for Q1 were 37% lower than the prior-year quarter's $2.47 per share. GAAP EPS of $0.97 for Q1 were 47% lower than the prior-year quarter's $1.84 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 68.9%, 170 basis points worse than the prior-year quarter. Operating margin was 19.5%, 650 basis points worse than the prior-year quarter. Net margin was 12.3%, 810 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $11.48 billion. On the bottom line, the average EPS estimate is $1.90.
Next year's average estimate for revenue is $46.76 billion. The average EPS estimate is $7.83.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sanofi is outperform, with an average price target of $102.52.
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The article The Gory Details of Sanofi's Earnings 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 position in any of the stocks mentioned. 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.
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