The 10-second takeaway
For the quarter ended April 1 (Q1), Pfizer met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank.
Gross margins contracted, operating margins expanded, and net margins dropped.
Pfizer notched revenue of $15.41 billion. The 14 analysts polled by S&P Capital IQ predicted revenue of $15.43 billion on the same basis. GAAP reported sales were 6.6% lower than the prior-year quarter's $16.50 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.58. The 17 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. GAAP EPS of $0.24 for Q1 were 14% lower than the prior-year quarter's $0.28 per share. (The prior-year quarter included $0.00 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 81.2%, 10 basis points worse than the prior-year quarter. Operating margin was 33.9%, 40 basis points better than the prior-year quarter. Net margin was 11.6%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $15.16 billion. On the bottom line, the average EPS estimate is $0.55.
Next year's average estimate for revenue is $61.43 billion. The average EPS estimate is $2.24.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 5,502 members out of 6,094 rating the stock outperform, and 592 members rating it underperform. Among 1,442 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 1,345 give Pfizer a green thumbs-up, and 97 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pfizer is outperform, with an average price target of $24.33.
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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. Motley Fool newsletter services have recommended buying shares of Pfizer. 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.