Panasonic Co. (PCRFY) Expected to Announce Earnings of $0.14 Per Share
Wall Street brokerages expect that Panasonic Co. (NASDAQ:PCRFY) will report earnings per share of $0.14 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Panasonic’s earnings. Panasonic posted earnings per share of $0.41 in the same quarter last year, which would indicate a negative year-over-year growth rate of 65.9%. The company is scheduled to report its next earnings report on Friday, November 10th.
On average, analysts expect that Panasonic will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.73 to $0.94. For the next financial year, analysts anticipate that the business will report earnings of $0.97 per share. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Panasonic.
Panasonic (NASDAQ:PCRFY) last announced its quarterly earnings results on Monday, July 31st. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The company had revenue of $16.79 billion for the quarter. Panasonic had a net margin of 2.80% and a return on equity of 12.23%.
Separately, Zacks Investment Research upgraded shares of Panasonic from a “strong sell” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, July 12th.
Shares of Panasonic (PCRFY) traded down 0.07% during mid-day trading on Friday, hitting $14.53. 341,391 shares of the company were exchanged. The company has a market capitalization of $33.89 billion and a P/E ratio of 20.73. Panasonic has a 52 week low of $9.13 and a 52 week high of $15.03. The company has a 50 day moving average of $14.24 and a 200 day moving average of $13.17.
Panasonic Corporation is engaged in the development of diverse electronics technologies and solutions. The Company operates through five segments: Appliances, Eco Solutions, AVC Networks, Automotive & Industrial Systems, and Other. The Appliances segment is engaged in the development, manufacture and sale of consumer electronics, air-conditioners, cold chain and devices.
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