Pall
The 10-second takeaway
For the quarter ended Jan. 31 (Q2), Pall beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased, and GAAP earnings per share expanded.
Gross margins increased, operating margins dropped, and net margins grew.
Revenue details
Pall recorded revenue of $698 million. The nine analysts polled by S&P Capital IQ hoped for revenue of $685 million on the same basis. GAAP reported sales were 8.2% higher than the prior-year quarter's $645.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Non-GAAP EPS came in at $0.76. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.73 per share on the same basis. GAAP EPS of $0.72 for Q2 were 13% higher than the prior-year quarter's $0.64 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 51.6%, 10 basis points better than the prior-year quarter. Operating margin was 17.7%, 10 basis points worse than the prior-year quarter. Net margin was 12.1%, 40 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $732.6 million. On the bottom line, the average EPS estimate is $0.82.
Next year's average estimate for revenue is $2.91 billion. The average EPS estimate is $3.20.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 137 members rating the stock outperform and 23 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 44 give Pall a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pall is hold, with an average price target of $58.89.
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