PerkinElmer (NYSE: PKI) reported earnings on Aug. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended July 1 (Q2), PerkinElmer missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share increased significantly.
Margins grew across the board.
Revenue details
PerkinElmer notched revenue of $521.8 million. The 12 analysts polled by S&P Capital IQ expected a top line of $537.8 million on the same basis. GAAP reported sales were 8.8% higher than the prior-year quarter's $479.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.53. The 14 earnings estimates compiled by S&P Capital IQ averaged $0.47 per share. GAAP EPS of $0.29 for Q2 were 16% higher than the prior-year quarter's $0.25 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 45.8%, 210 basis points better than the prior-year quarter. Operating margin was 10.6%, 160 basis points better than the prior-year quarter. Net margin was 6.4%, 40 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $505.7 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $2.13 billion. The average EPS estimate is $1.99.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 121 members out of 133 rating the stock outperform, and 12 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give PerkinElmer 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 PerkinElmer is outperform, with an average price target of $30.85.
- Add PerkinElmer to My Watchlist.
