Ultratech Beats Up on Analysts Yet Again

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Ultratech (NAS: UTEK) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ultratech missed on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly, and earnings per share increased significantly.

Margins increased across the board.

Revenue details
Ultratech reported revenue of $56.1 million. The three analysts polled by S&P Capital IQ anticipated revenue of $58.8 million. Sales were 29% higher than the prior-year quarter's $43.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.42. The three earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.42 for Q4 were 68% higher than the prior-year quarter's $0.25 per share.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 53.0%, 160 basis points better than the prior-year quarter. Operating margin was 24.2%, 810 basis points better than the prior-year quarter. Net margin was 19.9%, 540 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $39.1 million. On the bottom line, the average EPS estimate is $0.16.

Next year's average estimate for revenue is $189.6 million. The average EPS estimate is $1.10.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 113 members out of 226 rating the stock outperform, and 113 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Ultratech a green thumbs-up, and 51 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultratech is buy, with an average price target of $24.67.

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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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