The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Siemens met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share dropped.
Gross margins increased, operating margins grew, net margins shrank.
Siemens tallied revenue of $23.90 billion. The 13 analysts polled by S&P Capital IQ expected to see a top line of $23.96 billion on the same basis. GAAP reported sales were 2.8% higher than the prior-year quarter's $23.26 billion.
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 $1.85. The one earnings estimate compiled by S&P Capital IQ anticipated $2.37 per share. GAAP EPS of $1.85 for Q1 were 13% lower than the prior-year quarter's $2.12 per share. (The prior-year quarter included $0.15 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 70 basis points better than the prior-year quarter. Operating margin was 9.1%, 90 basis points better than the prior-year quarter. Net margin was 6.6%, 140 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $25.51 billion. On the bottom line, the average EPS estimate is $2.13.
Next year's average estimate for revenue is $104.76 billion. The average EPS estimate is $7.10.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 899 members out of 940 rating the stock outperform, and 41 members rating it underperform. Among 225 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 219 give Siemens a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Siemens is hold, with an average price target of $104.81.
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