The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Precision Castparts's revenues will grow 12.5% and EPS will increase 15.3%.
The average estimate for revenue is $2.01 billion. On the bottom line, the average EPS estimate is $2.34.
Last quarter, Precision Castparts tallied revenue of $1.97 billion. GAAP reported sales were 18% higher than the prior-year quarter's $1.68 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $2.35. GAAP EPS of $2.33 for Q1 were 18% higher than the prior-year quarter's $1.97 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 32.3%, 100 basis points better than the prior-year quarter. Operating margin was 26.2%, 120 basis points better than the prior-year quarter. Net margin was 17.3%, 20 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $8.44 billion. The average EPS estimate is $10.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,269 members out of 1,300 rating the stock outperform, and 31 members rating it underperform. Among 357 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 353 give Precision Castparts a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Precision Castparts is outperform, with an average price target of $189.58.
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