Panasonic (NYSE: PC ) is expected to report Q3 earnings on Feb. 1. 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 Panasonic's revenues will wane -15.1% and EPS will remain in the red.
The average estimate for revenue is $21.63 billion. On the bottom line, the average EPS estimate is -$0.18.
Last quarter, Panasonic notched revenue of $23.41 billion. GAAP reported sales were 13% lower than the prior-year quarter's $26.92 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 -$3.78. GAAP EPS were -$3.88 for Q2 against -$0.59 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 25.5%, 40 basis points worse than the prior-year quarter. Operating margin was 2.7%, 70 basis points better than the prior-year quarter. Net margin was -38.3%, 3,320 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $79.88 billion. The average EPS estimate is -$4.15.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 237 members out of 274 rating the stock outperform, and 37 members rating it underperform. Among 65 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give Panasonic a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Panasonic is outperform, with an average price target of $10.05.
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