The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Parker-Hannifin's revenues will wane -5.8% and EPS will wither -25.6%.
The average estimate for revenue is $2.93 billion. On the bottom line, the average EPS estimate is $1.16.
Last quarter, Parker-Hannifin booked revenue of $3.21 billion. GAAP reported sales were 0.6% lower than the prior-year quarter's $3.23 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.57. GAAP EPS of $1.57 for Q1 were 18% lower than the prior-year quarter's $1.91 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 23.0%, 250 basis points worse than the prior-year quarter. Operating margin was 11.2%, 240 basis points worse than the prior-year quarter. Net margin was 7.5%, 170 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $12.97 billion. The average EPS estimate is $6.42.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 554 members out of 569 rating the stock outperform, and 15 members rating it underperform. Among 178 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Parker-Hannifin 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 Parker-Hannifin is outperform, with an average price target of $89.77.
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