The 10-second takeaway
For the quarter ended March 31 (Q1), Kimberly-Clark met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share increased significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
Kimberly-Clark logged revenue of $5.32 billion. The 12 analysts polled by S&P Capital IQ expected to see revenue of $5.27 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 $1.48. The 16 earnings estimates compiled by S&P Capital IQ forecast $1.33 per share. Non-GAAP EPS of $1.48 for Q1 were 19% higher than the prior-year quarter's $1.24 per share. GAAP EPS of $1.36 for Q1 were 15% higher than the prior-year quarter's $1.18 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 34.3%, 110 basis points better than the prior-year quarter. Operating margin was 14.7%, 140 basis points better than the prior-year quarter. Net margin was 10.0%, 110 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $5.34 billion. On the bottom line, the average EPS estimate is $1.38.
Next year's average estimate for revenue is $21.33 billion. The average EPS estimate is $5.64.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,008 members out of 1,068 rating the stock outperform, and 60 members rating it underperform. Among 391 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 380 give Kimberly-Clark a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kimberly-Clark is hold, with an average price target of $88.12.
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