Nanometrics Misses Where It Counts

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Nanometrics (NAS: NANO) reported earnings on April 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Nanometrics beat expectations on revenues and missed estimates on earnings per share.

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


Margins dropped across the board.

Revenue details
Nanometrics reported revenue of $55.5 million. The six analysts polled by S&P Capital IQ expected to see a top line of $53.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $62.1 million.

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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 $0.12. The five earnings estimates compiled by S&P Capital IQ forecast $0.14 per share. GAAP EPS of $0.07 for Q1 were 84% lower than the prior-year quarter's $0.45 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 46.3%, 1,030 basis points worse than the prior-year quarter. Operating margin was 7.4%, 2,010 basis points worse than the prior-year quarter. Net margin was 3.1%, 1,380 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $58.7 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $243.6 million. The average EPS estimate is $1.07.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nanometrics is outperform, with an average price target of $22.70.

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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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