Are You Expecting This from McCormick?
Jan 25th 2013 9:06AM
Updated Jan 25th 2013 9:55AM
McCormick (NYS: MKC) is expected to report Q1 earnings around Jan. 26. 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 McCormick's revenues will increase 4.9% and EPS will expand 12.7%.
The average estimate for revenue is $951.4 million. On the bottom line, the average EPS estimate is $0.62.
Last quarter, McCormick reported revenue of $1.15 billion. GAAP reported sales were 3.2% higher than the prior-year quarter's $1.11 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $1.11. GAAP EPS of $1.11 for Q4 were 13% higher than the prior-year quarter's $0.98 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 42.1%, 100 basis points worse than the prior-year quarter. Operating margin was 17.5%, 40 basis points worse than the prior-year quarter. Net margin was 13.0%, 110 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $4.29 billion. The average EPS estimate is $3.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 393 members out of 409 rating the stock outperform, and 16 members rating it underperform. Among 160 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 157 give McCormick 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 McCormick is hold, with an average price target of $64.33.
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The article Are You Expecting This from McCormick? originally appeared on Fool.com.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. The Motley Fool recommends McCormick & Company. 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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