Panasonic
The 10-second takeaway
For the quarter ended March 31 (Q4), Panasonic missed estimates on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP loss per share expanded.
Gross margins were steady, operating margins shrank, and net margins shrank.
Revenue details
Panasonic tallied revenue of $22.82 billion. The seven analysts polled by S&P Capital IQ wanted to see revenue of $24.13 billion on the same basis. GAAP reported sales were 7.3% lower than the prior-year quarter's $24.61 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 -$2.30. The one earnings estimate compiled by S&P Capital IQ predicted -$2.40 per share. GAAP EPS were -$2.30 for Q4 against -$0.24 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 26.5%, about the same as the prior-year quarter. Operating margin was 0.2%, 180 basis points worse than the prior-year quarter. Net margin was -23.3%, 2,130 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $24.56 billion. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $101.22 billion. The average EPS estimate is $0.34.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 241 members rating the stock outperform and 34 members rating it underperform. Among 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Panasonic a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panasonic is hold, with an average price target of $9.85.
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