The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Jarden met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded significantly.
Gross margins grew, operating margins dropped, net margins expanded.
Jarden notched revenue of $1.82 billion. The eight analysts polled by S&P Capital IQ hoped for revenue of $1.81 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $1.28. The eight earnings estimates compiled by S&P Capital IQ anticipated $1.26 per share. GAAP EPS of $0.64 for Q4 were 167% higher than the prior-year quarter's $0.24 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 27.9%, 170 basis points better than the prior-year quarter. Operating margin was 8.1%, 160 basis points worse than the prior-year quarter. Net margin was 2.7%, 150 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $1.55 billion. On the bottom line, the average EPS estimate is $0.56.
Next year's average estimate for revenue is $6.95 billion. The average EPS estimate is $4.71.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 120 members out of 137 rating the stock outperform, and 17 members rating it underperform. Among 45 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Jarden a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jarden is outperform, with an average price target of $63.00.
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