Multi-Fineline Electronix Beats Analyst Estimates on EPS

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Multi-Fineline Electronix (NAS: MFLX) reported earnings on Feb. 2. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Multi-Fineline Electronix met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped.

Margins dropped across the board.

Revenue details
Multi-Fineline Electronix logged revenue of $239.3 million. The two analysts polled by S&P Capital IQ looked for sales of $239.2 million. Sales were 0.8% lower than the prior-year quarter's $241.2 million.

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

EPS details
Non-GAAP EPS came in at $0.53. The three earnings estimates compiled by S&P Capital IQ forecast $0.47 per share on the same basis. GAAP EPS of $0.56 for Q1 were 9.7% lower than the prior-year quarter's $0.62 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 12.2%, 210 basis points worse than the prior-year quarter. Operating margin was 6.5%, 150 basis points worse than the prior-year quarter. Net margin was 5.7%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $213.8 million. On the bottom line, the average EPS estimate is $0.34.

Next year's average estimate for revenue is $920.0 million. The average EPS estimate is $1.77.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 111 members out of 131 rating the stock outperform, and 20 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Multi-Fineline Electronix a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Multi-Fineline Electronix is outperform, with an average price target of $25.50.

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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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