Can Forest Laboratories Beat These Numbers?
Jul 12th 2012 12:32PM
Updated Jul 12th 2012 12:36PM
Forest Laboratories (NYS: FRX) is expected to report Q1 earnings on July 17. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Forest Laboratories' revenues will shrink 29.3% and EPS will decrease 76.0%.
The average estimate for revenue is $814.8 million. On the bottom line, the average EPS estimate is $0.25.
Last quarter, Forest Laboratories reported revenue of $1.06 billion. GAAP reported sales were 7.2% lower than the prior-year quarter's $1.13 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.78. GAAP EPS of $0.72 for Q4 were 35% lower than the prior-year quarter's $1.11 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 79.3%, 30 basis points better than the prior-year quarter. Operating margin was 19.8%, 2,880 basis points worse than the prior-year quarter. Net margin was 18.4%, 1,010 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.32 billion. The average EPS estimate is $0.69.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Forest Laboratories is hold, with an average price target of $35.48.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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