LG Display (NYSE: LPL ) reported earnings on Oct. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), LG Display beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins grew across the board.
LG Display booked revenue of $6.82 billion. The 22 analysts polled by S&P Capital IQ expected a top line of $6.56 billion on the same basis. GAAP reported sales were 29% higher than the prior-year quarter's $5.31 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 $0.20. The two earnings estimates compiled by S&P Capital IQ anticipated $0.27 per share. GAAP EPS were $0.40 for Q3 against -$1.62 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 3.3%, 40 basis points better than the prior-year quarter. Operating margin was 3.3%, 920 basis points better than the prior-year quarter. Net margin was 2.1%, 1,300 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $6.81 billion. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $25.50 billion. The average EPS estimate is $0.22.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 306 members out of 332 rating the stock outperform, and 26 members rating it underperform. Among 67 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 59 give LG Display a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LG Display is buy, with an average price target of $15.61.