Siemens Beats Analyst Estimates on EPS
Siemens (NYS: SI) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Siemens missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted, and earnings per share contracted significantly.
Margins contracted across the board.
Siemens reported revenue of $23.3 billion. The nine analysts polled by S&P Capital IQ expected sales of $23.7 billion. Sales were 1.5% lower than the prior-year quarter's $26.1 billion
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $2.26. The one earnings estimate compiled by S&P Capital IQ predicted $2.02 per share on the same basis. GAAP EPS of $2.12 for Q1 were 19% lower than the prior-year quarter's $2.63 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 370 basis points worse than the prior-year quarter. Operating margin was 8.2%, 490 basis points worse than the prior-year quarter. Net margin was 8.0%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.7 billion.
Next year's average estimate for revenue is $99.5 billion. The average EPS estimate is $9.52.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Siemens is buy, with an average price target of $110.06.
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At the time this article was published 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. 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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