Lexmark International (NYSE: LXK ) is expected to report Q2 earnings on July 23. 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 Lexmark International's revenues will shrink -6.7% and EPS will compress -2.2%.
The average estimate for revenue is $857.3 million. On the bottom line, the average EPS estimate is $0.87.
Last quarter, Lexmark International tallied revenue of $884.3 million. GAAP reported sales were 11% lower than the prior-year quarter's $992.5 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 $0.88. GAAP EPS of $0.54 for Q1 were 36% lower than the prior-year quarter's $0.84 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 38.7%, 20 basis points worse than the prior-year quarter. Operating margin was 7.4%, 280 basis points worse than the prior-year quarter. Net margin was 3.9%, 220 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.49 billion. The average EPS estimate is $3.82.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 142 members out of 227 rating the stock outperform, and 85 members rating it underperform. Among 77 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 54 give Lexmark International a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lexmark International is underperform, with an average price target of $20.71.
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