Charting Intevac's Latest Earnings Release

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Intevac (NAS: IVAC) reported earnings on April 30. Here are the numbers you need to know.

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

Compared with the prior-year quarter, revenue dropped slightly and GAAP loss per share dropped.


Gross margins increased, operating margins were steady, net margins increased.

Revenue details
Intevac reported revenue of $17.3 million. The three analysts polled by S&P Capital IQ anticipated sales of $17.4 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $17.4 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 -$0.18. The three earnings estimates compiled by S&P Capital IQ anticipated -$0.24 per share. GAAP EPS were -$0.14 for Q1 compared to -$0.31 per share for the prior-year quarter.

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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 39.4%, 280 basis points better than the prior-year quarter. Operating margin was -52.9%, about the same as the prior-year quarter. Net margin was -18.3%, 2,210 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $24.1 million. On the bottom line, the average EPS estimate is -$0.20.

Next year's average estimate for revenue is $129.4 million. The average EPS estimate is -$0.34.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 197 members out of 212 rating the stock outperform, and 15 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Intevac a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intevac is outperform, with an average price target of $10.00.

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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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