Jarden
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Jarden met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped slightly.
Gross margins increased, operating margins contracted, net margins dropped.
Revenue details
Jarden logged revenue of $1.71 billion. The six analysts polled by S&P Capital IQ hoped for sales of $1.71 billion on the same basis. GAAP reported sales were 4.4% lower than the prior-year quarter's $1.78 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 $1.35. The seven earnings estimates compiled by S&P Capital IQ predicted $1.30 per share. GAAP EPS of $1.00 for Q3 were 2.9% lower than the prior-year quarter's $1.03 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 29.4%, 40 basis points better than the prior-year quarter. Operating margin was 10.4%, 30 basis points worse than the prior-year quarter. Net margin was 4.5%, 60 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $1.79 billion. On the bottom line, the average EPS estimate is $1.28.
Next year's average estimate for revenue is $6.67 billion. The average EPS estimate is $4.14.
Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 110 members out of 128 rating the stock outperform, and 18 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Jarden 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 Jarden is outperform, with an average price target of $57.88.
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