Lexmark International (NYSE: LXK ) is expected to report Q3 earnings on Oct. 23. 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 Lexmark International's revenues will decrease -12.0% and EPS will shrink -17.9%.
The average estimate for revenue is $910.3 million. On the bottom line, the average EPS estimate is $0.78.
Last quarter, Lexmark International recorded revenue of $918.6 million. GAAP reported sales were 12% lower than the prior-year quarter's $1.04 billion.
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 $0.89. GAAP EPS of $0.55 for Q2 were 57% lower than the prior-year quarter's $1.27 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 39.6%, about the same as the prior-year quarter. Operating margin was 8.6%, 510 basis points worse than the prior-year quarter. Net margin was 4.3%, 540 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.77 billion. The average EPS estimate is $3.75.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 150 members out of 232 rating the stock outperform, and 82 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Lexmark International a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lexmark International is hold, with an average price target of $29.75.
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