The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Parker-Hannifin's revenues will expand 1.7% and EPS will wane 0.0%.
The average estimate for revenue is $3.47 billion. On the bottom line, the average EPS estimate is $1.96.
Last quarter, Parker-Hannifin logged revenue of $3.31 billion. GAAP reported sales were 2.5% lower than the prior-year quarter's $3.39 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, EPS came in at $1.68. GAAP EPS of $1.68 for Q3 were 16% lower than the prior-year quarter's $2.01 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 22.4%, 140 basis points worse than the prior-year quarter. Operating margin was 10.9%, 170 basis points worse than the prior-year quarter. Net margin was 7.8%, 140 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $13.07 billion. The average EPS estimate is $6.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 551 members out of 568 rating the stock outperform, and 17 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 177 give Parker-Hannifin 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 Parker-Hannifin is outperform, with an average price target of $97.19.
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