Harman International Industries (NYSE: HAR ) reported earnings on Aug. 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Harman International Industries beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Margins improved across the board.
Harman International Industries chalked up revenue of $1.09 billion. The four analysts polled by S&P Capital IQ hoped for a top line of $1.08 billion on the same basis. GAAP reported sales were 5.8% higher than the prior-year quarter's $1.03 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 $0.67. The six earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS of $0.69 for Q4 were 165% higher than the prior-year quarter's $0.26 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 27.2%, 360 basis points better than the prior-year quarter. Operating margin was 5.8%, 290 basis points better than the prior-year quarter. Net margin was 4.5%, 270 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.11 billion. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $4.67 billion. The average EPS estimate is $3.78.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 169 members out of 185 rating the stock outperform, and 16 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Harman International Industries a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harman International Industries is hold, with an average price target of $53.60.
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