Symantec (Nasdaq: SYMC ) reported earnings on Jan. 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 28 (Q3), Symantec beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted.
Gross margins dropped, operating margins grew, net margins contracted.
Symantec recorded revenue of $1.79 billion. The 28 analysts polled by S&P Capital IQ anticipated revenue of $1.74 billion on the same basis. GAAP reported sales were 4.4% higher than the prior-year quarter's $1.72 billion.
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 $0.45. The 29 earnings estimates compiled by S&P Capital IQ anticipated $0.38 per share. GAAP EPS of $0.30 for Q3 were 6.3% lower than the prior-year quarter's $0.32 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 84.2%, 130 basis points worse than the prior-year quarter. Operating margin was 18.1%, 30 basis points better than the prior-year quarter. Net margin was 11.8%, 220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.73 billion. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $6.84 billion. The average EPS estimate is $1.66.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 540 members out of 632 rating the stock outperform, and 92 members rating it underperform. Among 174 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 153 give Symantec a green thumbs-up, and 21 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Symantec is outperform, with an average price target of $20.38.
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