The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Beam met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share grew.
Margins grew across the board.
Beam booked revenue of $637.5 million. The four analysts polled by S&P Capital IQ anticipated a top line of $642.8 million. Sales were 63% lower than the prior-year quarter's $1.90 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.69. The eight earnings estimates compiled by S&P Capital IQ forecast $0.67 per share on the same basis. GAAP EPS of $0.59 for Q4 were 7.3% higher than the prior-year quarter's $0.55 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 57.2%, 1,460 basis points better than the prior-year quarter. Operating margin was 26.3%, 1,580 basis points better than the prior-year quarter. Net margin was 14.8%, 980 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $510.7 million. On the bottom line, the average EPS estimate is $0.46.
Next year's average estimate for revenue is $2.41 billion. The average EPS estimate is $2.40.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 82 members out of 84 rating the stock outperform, and two members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all of them give Beam a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Beam is hold, with an average price target of $51.90.
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