Harman International Industries (NYSE: HAR ) is expected to report Q2 earnings on Jan. 31. 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 Harman International Industries's revenues will contract -6.5% and EPS will increase 10.8%.
The average estimate for revenue is $1.05 billion. On the bottom line, the average EPS estimate is $0.92.
Last quarter, Harman International Industries logged revenue of $998.2 million. GAAP reported sales were 5.0% lower than the prior-year quarter's $1.05 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.79. GAAP EPS of $0.79 for Q1 were 18% higher than the prior-year quarter's $0.67 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 27.9%, 40 basis points better than the prior-year quarter. Operating margin was 8.0%, 80 basis points better than the prior-year quarter. Net margin was 5.5%, 90 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.27 billion. The average EPS estimate is $3.44.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 168 members out of 183 rating the stock outperform, and 15 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Harman International Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Harman International Industries is outperform, with an average price target of $56.00.
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