The 10-second takeaway
For the quarter ended Dec. 30 (Q4), PerkinElmer met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP loss per share dropped.
Margins grew across the board.
PerkinElmer notched revenue of $577.0 million. The 14 analysts polled by S&P Capital IQ expected to see a top line of $578.7 million on the same basis. GAAP reported sales were 6.1% higher than the prior-year quarter's $540.2 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 $0.65. The 15 earnings estimates compiled by S&P Capital IQ predicted $0.65 per share. GAAP EPS were -$0.14 for Q4 compared to -$0.71 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 45.7%, 30 basis points better than the prior-year quarter. Operating margin was 8.3%, 800 basis points better than the prior-year quarter. Net margin was -2.8%, 1,200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $533.9 million. On the bottom line, the average EPS estimate is $0.48.
Next year's average estimate for revenue is $2.24 billion. The average EPS estimate is $2.32.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 117 members out of 130 rating the stock outperform, and 13 members rating it underperform. Among 42 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 39 give PerkinElmer 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 PerkinElmer is outperform, with an average price target of $34.50.
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