Golf Clap for Advanced Semiconductor Engineering

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Advanced Semiconductor Engineering (NYS: ASX) reported earnings on April 27. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Advanced Semiconductor Engineering met expectations on revenues and met expectations on earnings per share.

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


Margins dropped across the board.

Revenue details
Advanced Semiconductor Engineering recorded revenue of $1.46 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $1.46 billion on the same basis. GAAP reported sales were 6.5% lower than the prior-year quarter's $1.56 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.05. The one earnings estimate compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.01 for Q1 were 50% lower than the prior-year quarter's $0.02 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 16.7%, 210 basis points worse than the prior-year quarter. Operating margin was 6.6%, 290 basis points worse than the prior-year quarter. Net margin was 4.8%, 380 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is $0.08.

Next year's average estimate for revenue is $6.78 billion. The average EPS estimate is $0.40.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 260 members out of 278 rating the stock outperform, and 18 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Advanced Semiconductor Engineering a green thumbs-up, and four give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Advanced Semiconductor Engineering is outperform, with an average price target of $5.40.

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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. He is the 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 don't 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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