The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ingram Micro beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share contracted.
Gross margins dropped, operating margins increased, net margins shrank.
Ingram Micro logged revenue of $9.95 billion. The eight analysts polled by S&P Capital IQ looked for sales of $9.72 billion on the same basis. GAAP reported sales were 0.7% higher than the prior-year quarter's $9.88 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.70. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.55 per share on the same basis. GAAP EPS of $0.68 for Q4 were 4.2% lower than the prior-year quarter's $0.71 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 5.6%, 10 basis points worse than the prior-year quarter. Operating margin was 1.8%, 10 basis points better than the prior-year quarter. Net margin was 1.1%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $8.70 billion. On the bottom line, the average EPS estimate is $0.39.
Next year's average estimate for revenue is $36.91 billion. The average EPS estimate is $2.00.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 175 members out of 188 rating the stock outperform, and 13 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 69 give Ingram Micro a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ingram Micro is outperform, with an average price target of $20.19.
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