The 10-second takeaway
For the quarter ended March 31 (Q1), LG Display missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew.
Gross margins contracted, operating margins grew, net margins grew.
LG Display recorded revenue of $6.11 billion. The 25 analysts polled by S&P Capital IQ wanted to see revenue of $6.30 billion on the same basis. GAAP reported sales were 12% higher than the prior-year quarter's $5.46 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 $0.01. The two earnings estimates compiled by S&P Capital IQ predicted $0.05 per share. GAAP EPS were $0.01 for Q1 versus -$0.32 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 2.2%, 310 basis points worse than the prior-year quarter. Operating margin was 2.2%, 550 basis points better than the prior-year quarter. Net margin was 0.0%, 210 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $6.60 billion. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $27.49 billion. The average EPS estimate is $1.08.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 303 members out of 327 rating the stock outperform, and 24 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 64 give LG Display a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LG Display is underperform, with an average price target of $14.16.
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