The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Mondelez International missed slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Gross margins increased, operating margins dropped, net margins shrank.
Mondelez International reported revenue of $9.50 billion. The 11 analysts polled by S&P Capital IQ looked for a top line of $9.69 billion on the same basis. GAAP reported sales were 35% lower than the prior-year quarter's $14.69 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 $0.36. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.38 per share. GAAP EPS of $0.30 for Q4 were 36% lower than the prior-year quarter's $0.47 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 37.4%, 410 basis points better than the prior-year quarter. Operating margin was 9.7%, 410 basis points worse than the prior-year quarter. Net margin was 5.6%, 10 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $8.92 billion. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $36.79 billion. The average EPS estimate is $1.57.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 128 members out of 132 rating the stock outperform, and four members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Mondelez International a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Mondelez International is outperform, with an average price target of $29.63.
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