The 10-second takeaway
For the quarter ended Oct. 31 (Q1), Pall met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Pall tallied revenue of $627.6 million. The nine analysts polled by S&P Capital IQ predicted revenue of $631.2 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $705.6 million.
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 $0.68. The 11 earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS of $2.93 for Q1 were 397% higher than the prior-year quarter's $0.59 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 52.1%, 160 basis points better than the prior-year quarter. Operating margin was 17.3%, 10 basis points better than the prior-year quarter. Net margin was 54.1%, 4,430 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $646.4 million. On the bottom line, the average EPS estimate is $0.72.
Next year's average estimate for revenue is $2.71 billion. The average EPS estimate is $3.10.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 134 members out of 159 rating the stock outperform, and 25 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Pall a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pall is hold, with an average price target of $62.55.
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