The 10-second takeaway
For the quarter ended March 31 (Q1), Jarden beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share grew. GAAP earnings per share dropped to a loss.
Gross margins were steady, operating margins shrank, net margins shrank.
Jarden tallied revenue of $1.58 billion. The seven analysts polled by S&P Capital IQ foresaw net sales of $1.56 billion on the same basis. GAAP reported sales were 5.7% higher than the prior-year quarter's $1.50 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 $0.30. The nine earnings estimates compiled by S&P Capital IQ averaged $0.23 per share. Non-GAAP EPS of $0.30 for Q1 were 11% higher than the prior-year quarter's $0.27 per share. GAAP EPS were -$0.04 for Q1 against $0.27 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 28.1%, much about the same as the prior-year quarter. Operating margin was 3.6%, 320 basis points worse than the prior-year quarter. Net margin was -0.3%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.76 billion. On the bottom line, the average EPS estimate is $0.88.
Next year's average estimate for revenue is $7.02 billion. The average EPS estimate is $3.25.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 119 members out of 136 rating the stock outperform, and 17 members rating it underperform. Among 41 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 38 give Jarden 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 Jarden is outperform, with an average price target of $48.46.
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