CR Bard (NYSE: BCR ) reported earnings on Oct. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), CR Bard missed slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share increased slightly.
Gross margins grew, operating margins dropped, net margins dropped.
CR Bard logged revenue of $722.9 million. The 17 analysts polled by S&P Capital IQ expected sales of $736.5 million on the same basis. GAAP reported sales were 0.5% higher than the prior-year quarter's $719.2 million.
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 $1.64. The 20 earnings estimates compiled by S&P Capital IQ predicted $1.64 per share. GAAP EPS of $1.50 for Q3 were 2.7% higher than the prior-year quarter's $1.46 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 62.3%, 50 basis points better than the prior-year quarter. Operating margin was 27.9%, 100 basis points worse than the prior-year quarter. Net margin was 17.9%, 20 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $771.1 million. On the bottom line, the average EPS estimate is $1.76.
Next year's average estimate for revenue is $2.99 billion. The average EPS estimate is $6.63.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 255 members out of 264 rating the stock outperform, and nine members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give CR Bard a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CR Bard is hold, with an average price target of $105.21.
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