The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Siemens missed slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted, and earnings per share contracted significantly.
Margins contracted across the board.
Siemens reported revenue of $23.3 billion. The nine analysts polled by S&P Capital IQ expected sales of $23.7 billion. Sales were 1.5% lower than the prior-year quarter's $26.1 billion
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $2.26. The one earnings estimate compiled by S&P Capital IQ predicted $2.02 per share on the same basis. GAAP EPS of $2.12 for Q1 were 19% lower than the prior-year quarter's $2.63 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 28.4%, 370 basis points worse than the prior-year quarter. Operating margin was 8.2%, 490 basis points worse than the prior-year quarter. Net margin was 8.0%, 180 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $24.7 billion.
Next year's average estimate for revenue is $99.5 billion. The average EPS estimate is $9.52.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Siemens is buy, with an average price target of $110.06.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.