Harman International Industries (NYSE: HAR ) is expected to report Q3 earnings on May 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 Harman International Industries's revenues will wither -3.6% and EPS will wither -17.6%.
The average estimate for revenue is $1.06 billion. On the bottom line, the average EPS estimate is $0.61.
Last quarter, Harman International Industries notched revenue of $1.06 billion. GAAP reported sales were 6.3% lower than the prior-year quarter's $1.13 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 $0.59. GAAP EPS of $0.68 for Q2 were 17% lower than the prior-year quarter's $0.82 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 25.7%, 140 basis points worse than the prior-year quarter. Operating margin was 6.5%, 170 basis points worse than the prior-year quarter. Net margin was 4.5%, 80 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $4.21 billion. The average EPS estimate is $2.80.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 169 members out of 185 rating the stock outperform, and 16 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 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 hold, with an average price target of $53.57.
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