Beam (NYSE: BEAM ) is expected to report Q3 earnings on Nov. 2. 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 Beam's revenues will contract -13.7% and EPS will grow 3.8%.
The average estimate for revenue is $610.5 million. On the bottom line, the average EPS estimate is $0.55.
Last quarter, Beam recorded revenue of $595.5 million. GAAP reported sales were 4.4% higher than the prior-year quarter's $570.4 million.
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 $0.58. GAAP EPS of $0.63 for Q2 were 70% lower than the prior-year quarter's $2.09 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 58.3%, 40 basis points better than the prior-year quarter. Operating margin was 25.5%, 290 basis points better than the prior-year quarter. Net margin was 16.9%, 4,070 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.50 billion. The average EPS estimate is $2.39.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 162 members out of 169 rating the stock outperform, and seven members rating it underperform. Among 61 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 58 give Beam 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 Beam is hold, with an average price target of $61.90.