Bio-Rad Laboratories (NYSE: BIO ) is expected to report Q1 earnings on May 7. 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 Bio-Rad Laboratories's revenues will increase 3.8% and EPS will contract -2.8%.
The average estimate for revenue is $504.6 million. On the bottom line, the average EPS estimate is $1.06.
Last quarter, Bio-Rad Laboratories chalked up revenue of $573.8 million. GAAP reported sales were 4.3% higher than the prior-year quarter's $550.2 million.
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 $1.55. GAAP EPS of $1.46 for Q4 were 30% lower than the prior-year quarter's $2.08 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 54.7%, 180 basis points worse than the prior-year quarter. Operating margin was 8.6%, 700 basis points worse than the prior-year quarter. Net margin was 7.3%, 350 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.15 billion. The average EPS estimate is $5.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 178 members out of 187 rating the stock outperform, and nine members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give Bio-Rad Laboratories 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 Bio-Rad Laboratories is outperform, with an average price target of $112.25.
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