Bemis (NYSE: BMS ) is expected to report Q3 earnings around Oct. 25. 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 Bemis's revenues will decrease -3.6% and EPS will decrease -3.6%.
The average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $0.54.
Last quarter, Bemis recorded revenue of $1.31 billion. GAAP reported sales were 4.2% lower than the prior-year quarter's $1.37 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 $0.54. GAAP EPS of $0.40 for Q2 were 22% lower 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 17.8%, 40 basis points better than the prior-year quarter. Operating margin was 7.8%, 20 basis points better than the prior-year quarter. Net margin was 3.2%, 80 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $5.19 billion. The average EPS estimate is $2.03.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bemis is hold, with an average price target of $32.36.
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