Xilinx Beats Analyst Estimates on EPS

Xilinx (NAS: XLNX) reported earnings on Jan. 18. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q3), Xilinx beat expectations on revenues and beat expectations on earnings per share.

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

Gross margins expanded, operating margins dropped, net margins dropped.

Revenue details
Xilinx booked revenue of $511 million. The 24 analysts polled by S&P Capital IQ hoped for revenue of $497 million. Sales were 9.9% lower than the prior-year quarter's $567 million


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

EPS details
Non-GAAP EPS came in at $0.41. The 24 earnings estimates compiled by S&P Capital IQ predicted $0.37 per share on the same basis. GAAP EPS of $0.47 for Q3 were 19% lower than the prior-year quarter's $0.58 per share.


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 65.8%, 10 basis points better than the prior-year quarter. Operating margin was 26.8%, 630 basis points worse than the prior-year quarter. Net margin was 24.9%, 200 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $504 million. On the bottom line, the average EPS estimate is $0.35.

Next year's average estimate for revenue is $2.2 billion. The average EPS estimate is $1.76.

Investor Sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 333 members out of 374 rating the stock outperform, and 41 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Xilinx 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 Xilinx is outperform, with an average price target of $33.18.

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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