Cooper Companies (NYSE: COO ) reported earnings on Dec. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Oct. 31 (Q4), Cooper Companies met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share grew significantly.
Margins increased across the board.
Cooper Companies recorded revenue of $396.3 million. The eight analysts polled by S&P Capital IQ looked for revenue of $397.6 million on the same basis. GAAP reported sales were 9.8% higher than the prior-year quarter's $360.9 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 $1.47. The nine earnings estimates compiled by S&P Capital IQ forecast $1.55 per share. GAAP EPS of $1.46 for Q4 were 27% higher than the prior-year quarter's $1.15 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 63.8%, 180 basis points better than the prior-year quarter. Operating margin was 19.9%, 140 basis points better than the prior-year quarter. Net margin was 18.1%, 240 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $362.5 million. On the bottom line, the average EPS estimate is $1.26.
Next year's average estimate for revenue is $1.60 billion. The average EPS estimate is $5.85.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cooper Companies is outperform, with an average price target of $105.67.
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