Harman International Industries (NYSE: HAR ) is expected to report Q4 earnings on Aug. 6. 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 grow 4.5% and EPS will grow 28.4%.
The average estimate for revenue is $1.14 billion. On the bottom line, the average EPS estimate is $0.86.
Last quarter, Harman International Industries logged revenue of $1.06 billion. GAAP reported sales were 3.1% lower than the prior-year quarter's $1.10 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 $0.79. GAAP EPS of $0.50 for Q3 were 79% lower than the prior-year quarter's $2.38 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 25.4%, 130 basis points worse than the prior-year quarter. Operating margin was 3.8%, 170 basis points worse than the prior-year quarter. Net margin was 3.3%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $4.26 billion. The average EPS estimate is $3.03.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 166 members out of 182 rating the stock outperform, and 16 members rating it underperform. Among 48 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 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 outperform, with an average price target of $51.43.
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