PolyOne (NYSE: POL ) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), PolyOne missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share grew significantly.
Margins expanded across the board.
PolyOne booked revenue of $740.2 million. The seven analysts polled by S&P Capital IQ anticipated revenue of $788.4 million on the same basis. GAAP reported sales were 0.6% higher than the prior-year quarter's $735.8 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 $0.33. The eight earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $0.27 for Q3 were 17% higher than the prior-year quarter's $0.23 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 19.3%, 380 basis points better than the prior-year quarter. Operating margin was 6.8%, 100 basis points better than the prior-year quarter. Net margin was 3.2%, 30 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $703.1 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $3.06 billion. The average EPS estimate is $1.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 159 members out of 173 rating the stock outperform, and 14 members rating it underperform. Among 46 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give PolyOne 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 PolyOne is outperform, with an average price target of $19.71.
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