The 10-second takeaway
For the quarter ended March 31 (Q1), C.R. Bard met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share expanded.
Gross margins contracted, operating margins contracted, net margins grew.
C.R. Bard logged revenue of $730.0 million. The 14 analysts polled by S&P Capital IQ anticipated a top line of $732.7 million on the same basis. GAAP reported sales were 4.2% higher than the prior-year quarter's $700.3 million.
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 $1.61. The 19 earnings estimates compiled by S&P Capital IQ forecast $1.57 per share on the same basis. GAAP EPS of $1.60 for Q1 were 7.4% higher than the prior-year quarter's $1.49 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 61.7%, 50 basis points worse than the prior-year quarter. Operating margin was 27.4%, 20 basis points worse than the prior-year quarter. Net margin was 19.0%, 20 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $757.6 million. On the bottom line, the average EPS estimate is $1.65.
Next year's average estimate for revenue is $3.03 billion. The average EPS estimate is $6.66.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 263 members out of 275 rating the stock outperform, and 12 members rating it underperform. Among 95 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 92 give C.R. Bard 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 C.R. Bard is hold, with an average price target of $93.36.
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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.