Charting LSI's Earnings
LSI (NYS: LSI) reported earnings yesterday. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), LSI met expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly, and earnings per share improved to zero.
Gross margins grew, operating margins dropped, net margins grew.
LSI reported revenue of $523.1 million. The 12 analysts polled by S&P Capital IQ looked for a top line of $526.1 million. Sales were 21% lower than the prior-year quarter's $664.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.13. The 12 earnings estimates compiled by S&P Capital IQ anticipated $0.10 per share on the same basis. GAAP EPS were $0.00 for Q4 against -$0.02 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 49.5%, 650 basis points better than the prior-year quarter. Operating margin was 3.0%, 190 basis points worse than the prior-year quarter. Net margin was -0.3%, 170 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $511.3 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $2.19 billion. The average EPS estimate is $0.50.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on LSI is outperform, with an average price target of $7.55.
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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 ofMotley 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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