Symmetricom (NAS: SYMM) reported earnings on Jan. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 1 (Q2), Symmetricom beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and earnings per share increased.
Margins grew across the board.
Symmetricom reported revenue of $58.3 million. The two analysts polled by S&P Capital IQ hoped for a top line of $56.7 million. Sales were 39% higher than the prior-year quarter's $41.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.10. The two earnings estimates compiled by S&P Capital IQ averaged $0.10 per share on the same basis. GAAP EPS were $0.06 for Q2 against -$0.08 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 44.7%, 20 basis points better than the prior-year quarter. Operating margin was 7.6%, 1,250 basis points better than the prior-year quarter. Net margin was 4.2%, 1,260 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $57.0 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $230.6 million. The average EPS estimate is $0.40.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 53 members out of 65 rating the stock outperform, and 12 members rating it underperform. Among 16 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Symmetricom a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Symmetricom is outperform, with an average price target of $6.73.
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At the time thisarticle 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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