LG Display Misses on Both Revenue and Earnings

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LG Display (NYS: LPL) reported earnings on April 24. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), LG Display missed estimates on revenues and missed expectations on earnings per share.

Compared with the prior-year quarter, revenue grew and GAAP loss per share improved.

Gross margins contracted, operating margins grew, net margins were steady.

Revenue details
LG Display reported revenue of $5.46 billion. The 18 analysts polled by S&P Capital IQ anticipated sales of $5.63 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $4.88 billion.


Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.32. The one earnings estimate compiled by S&P Capital IQ predicted -$0.16 per share. GAAP EPS were -$0.32 for Q1 compared to -$0.29 per share for the prior-year quarter.


Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was -2.9%, 720 basis points worse than the prior-year quarter. Operating margin was -2.9%, 220 basis points better than the prior-year quarter. Net margin was -2.1%, about the same as the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $6.06 billion. On the bottom line, the average EPS estimate is -$0.11.

Next year's average estimate for revenue is $23.96 billion. The average EPS estimate is -$0.07.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 311 members out of 337 rating the stock outperform, and 26 members rating it underperform. Among 84 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 76 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 $12.53.

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. He is the 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 don't 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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