Valspar (NYSE: VAL ) is expected to report Q3 earnings around Aug. 5. 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 Valspar's revenues will grow 5.0% and EPS will grow 12.4%.
The average estimate for revenue is $1.13 billion. On the bottom line, the average EPS estimate is $1.09.
Last quarter, Valspar booked revenue of $1.03 billion. GAAP reported sales were 0.1% lower than the prior-year quarter's $1.03 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at $0.91. GAAP EPS of $0.84 for Q2 were 5.0% higher than the prior-year quarter's $0.80 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 33.5%, 110 basis points worse than the prior-year quarter. Operating margin was 13.6%, 50 basis points better than the prior-year quarter. Net margin was 7.5%, 10 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.16 billion. The average EPS estimate is $3.70.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Valspar is outperform, with an average price target of $68.33.
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