Charles River Laboratories International (NYSE: CRL ) is expected to report Q2 earnings on July 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 Charles River Laboratories International's revenues will increase 3.2% and EPS will compress -5.3%.
The average estimate for revenue is $293.8 million. On the bottom line, the average EPS estimate is $0.71.
Last quarter, Charles River Laboratories International reported revenue of $291.2 million. GAAP reported sales were 1.8% higher than the prior-year quarter's $286.0 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 $0.69. GAAP EPS of $0.53 for Q1 were 1.9% lower than the prior-year quarter's $0.54 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 35.9%, 50 basis points worse than the prior-year quarter. Operating margin was 14.8%, 80 basis points worse than the prior-year quarter. Net margin was 8.8%, 40 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $1.17 billion. The average EPS estimate is $2.82.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Charles River Laboratories International is hold, with an average price target of $45.91.
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