The 10-second takeaway
For the quarter ended March 31 (Q1), DuPont met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share shrank. GAAP earnings per share increased significantly.
Gross margins contracted, operating margins contracted, net margins increased.
DuPont recorded revenue of $10.41 billion. The 14 analysts polled by S&P Capital IQ foresaw sales of $10.40 billion on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $11.30 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 $1.56. The 19 earnings estimates compiled by S&P Capital IQ averaged $1.52 per share. Non-GAAP EPS of $1.56 for Q1 were 3.1% lower than the prior-year quarter's $1.61 per share. GAAP EPS of $3.57 for Q1 were 127% higher than the prior-year quarter's $1.57 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 32.3%, 110 basis points worse than the prior-year quarter. Operating margin was 18.0%, 50 basis points worse than the prior-year quarter. Net margin was 31.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $10.27 billion. On the bottom line, the average EPS estimate is $1.40.
Next year's average estimate for revenue is $36.16 billion. The average EPS estimate is $3.90.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,708 members out of 1,815 rating the stock outperform, and 107 members rating it underperform. Among 482 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 465 give DuPont a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on DuPont is hold, with an average price target of $51.80.
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