The 10-second takeaway
For the quarter ended July 31 (Q3), Agilent Technologies missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share shrank significantly.
Margins shrank across the board.
Agilent Technologies logged revenue of $1.72 billion. The 15 analysts polled by S&P Capital IQ hoped for revenue of $1.79 billion on the same basis. GAAP reported sales were 1.9% higher than the prior-year quarter's $1.69 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.79. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.83 per share. GAAP EPS of $0.69 for Q3 were 25% lower than the prior-year quarter's $0.92 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.7%, 100 basis points worse than the prior-year quarter. Operating margin was 15.7%, 170 basis points worse than the prior-year quarter. Net margin was 14.1%, 540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.87 billion. On the bottom line, the average EPS estimate is $0.93.
Next year's average estimate for revenue is $7.03 billion. The average EPS estimate is $3.23.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 515 members out of 584 rating the stock outperform, and 69 members rating it underperform. Among 120 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Agilent Technologies a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Agilent Technologies is buy, with an average price target of $51.03.
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