Allergan (NYSE: AGN ) is expected to report Q3 earnings around Oct. 29. 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 Allergan's revenues will increase 7.3% and EPS will increase 13.0%.
The average estimate for revenue is $1.43 billion. On the bottom line, the average EPS estimate is $1.04.
Last quarter, Allergan recorded revenue of $1.49 billion. GAAP reported sales were 5.2% higher than the prior-year quarter's $1.42 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 $1.07. GAAP EPS of $0.96 for Q2 were 22% higher than the prior-year quarter's $0.79 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 86.5%, 30 basis points better than the prior-year quarter. Operating margin was 30.3%, 420 basis points better than the prior-year quarter. Net margin was 19.8%, 240 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $5.82 billion. The average EPS estimate is $4.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 414 members out of 436 rating the stock outperform, and 22 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 116 give Allergan a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Allergan is outperform, with an average price target of $101.29.
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