The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Bemis beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved slightly, and earnings per share shrank significantly.
Margins contracted across the board.
Bemis recorded revenue of $1.27 billion. The eight analysts polled by S&P Capital IQ wanted to see revenue of $1.25 billion. Sales were 1.7% higher than the prior-year quarter's $1.25 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.45. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.39 per share on the same basis. GAAP EPS of $0.19 for Q4 were 59% lower than the prior-year quarter's $0.47 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 17.0%, 150 basis points worse than the prior-year quarter. Operating margin was 7.1%, 160 basis points worse than the prior-year quarter. Net margin was 1.6%, 270 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $5.34 billion. The average EPS estimate is $2.15.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Bemis is hold, with an average price target of $31.67.
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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.