Stanley Black & Decker
The 10-second takeaway
For the quarter ended March 31 (Q1), Stanley Black & Decker beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Stanley Black & Decker reported revenue of $2.65 billion. The 11 analysts polled by S&P Capital IQ foresaw revenue of $2.62 billion on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $2.38 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 $1.09. The 13 earnings estimates compiled by S&P Capital IQ forecast $1.13 per share on the same basis. GAAP EPS of $0.72 for Q1 were 22% lower than the prior-year quarter's $0.92 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 37.2%, 10 basis points worse than the prior-year quarter. Operating margin was 8.5%, 240 basis points worse than the prior-year quarter. Net margin was 4.6%, 210 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $2.89 billion. On the bottom line, the average EPS estimate is $1.56.
Next year's average estimate for revenue is $11.26 billion. The average EPS estimate is $5.87.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 188 members out of 212 rating the stock outperform, and 24 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Stanley Black & Decker a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Stanley Black & Decker is outperform, with an average price target of $83.27.
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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.