Stanley Black & Decker
The 10-second takeaway
For the quarter ended March 30 (Q1), Stanley Black & Decker missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted. GAAP earnings per share contracted significantly.
Margins dropped across the board.
Stanley Black & Decker recorded revenue of $2.49 billion. The nine analysts polled by S&P Capital IQ foresaw a top line of $2.58 billion on the same basis. GAAP reported sales were 6.2% lower than the prior-year quarter's $2.65 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 $1.03. The 13 earnings estimates compiled by S&P Capital IQ predicted $0.98 per share. Non-GAAP EPS of $1.03 for Q1 were 5.5% lower than the prior-year quarter's $1.09 per share. GAAP EPS of $0.51 for Q1 were 29% lower than the prior-year quarter's $0.72 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 36.6%, 80 basis points worse than the prior-year quarter. Operating margin was 6.8%, 380 basis points worse than the prior-year quarter. Net margin was 3.3%, 130 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $2.81 billion. On the bottom line, the average EPS estimate is $1.28.
Next year's average estimate for revenue is $11.03 billion. The average EPS estimate is $5.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 192 members out of 213 rating the stock outperform, and 21 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Stanley Black & Decker 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 Stanley Black & Decker is outperform, with an average price target of $83.64.
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