Harman International Industries (NYSE: HAR ) is expected to report Q4 earnings on Aug. 10. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Harman International Industries' revenues will improve 4.7% and EPS will expand 94.1%.
The average estimate for revenue is $1.08 billion. On the bottom line, the average EPS estimate is $0.66.
Last quarter, Harman International Industries reported revenue of $1.10 billion. GAAP reported sales were 16% higher than the prior-year quarter's $948.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.74. GAAP EPS of $2.38 for Q3 were 367% higher than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 26.8%, 40 basis points better than the prior-year quarter. Operating margin was 6.1%, 110 basis points better than the prior-year quarter. Net margin was 15.8%, 1,190 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.36 billion. The average EPS estimate is $2.91.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 168 members out of 184 rating the stock outperform, and 16 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 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 $53.20.