Monsanto (NYSE: MON) reported earnings on June 27. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended May 31 (Q3), Monsanto beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Margins increased across the board.
Revenue details
Monsanto reported revenue of $4.22 billion. The 11 analysts polled by S&P Capital IQ expected sales of $4.01 billion on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $3.61 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $1.63. The 15 earnings estimates compiled by S&P Capital IQ predicted $1.60 per share. GAAP EPS of $1.74 for Q3 were 36% higher than the prior-year quarter's $1.28 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 56.0%, 130 basis points better than the prior-year quarter. Operating margin was 32.0%, 370 basis points better than the prior-year quarter. Net margin was 22.2%, 300 basis points better than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $2.21 billion. On the bottom line, the average EPS estimate is -$0.41.
Next year's average estimate for revenue is $13.44 billion. The average EPS estimate is $3.70.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 2,848 members out of 2,974 rating the stock outperform, and 126 members rating it underperform. Among 564 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 540 give Monsanto a green thumbs-up, and 24 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monsanto is outperform, with an average price target of $87.68.
- Add Monsanto to My Watchlist.
