The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Pentair met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share expanded.
Margins shrank across the board.
Pentair booked revenue of $865.7 million. The 13 analysts polled by S&P Capital IQ expected revenue of $862.4 million. Sales were 15% higher than the prior-year quarter's $753.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.56. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.54 per share on the same basis. GAAP EPS were -$1.36 for Q4 versus $0.46 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 30.6%, 20 basis points worse than the prior-year quarter. Operating margin was 9.3%, 130 basis points worse than the prior-year quarter. Net margin was -15.5%, 2,170 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $888.6 million. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $3.72 billion. The average EPS estimate is $2.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 190 members out of 203 rating the stock outperform, and 13 members rating it underperform. Among 66 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Pentair a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pentair is outperform, with an average price target of $39.88.
Can your retirement portfolio provide you with enough income to last? You'll need more than Pentair. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Pentair to My Watchlist.
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.