Charting Kulicke & Soffa Industries' Latest Earnings Release
Kulicke & Soffa Industries (NAS: KLIC) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Kulicke & Soffa Industries beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Kulicke & Soffa Industries reported revenue of $120.0 million. The three analysts polled by S&P Capital IQ anticipated sales of $116.2 million. Sales were 19% lower than the prior-year quarter's $148.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.11. The two earnings estimates compiled by S&P Capital IQ averaged $0.18 per share on the same basis. GAAP EPS of $0.11 for Q1 were 48% lower than the prior-year quarter's $0.21 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 46.1%, 230 basis points worse than the prior-year quarter. Operating margin was 11.3%, 450 basis points worse than the prior-year quarter. Net margin was 7.1%, 300 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $138.1 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $673.4 million. The average EPS estimate is $1.47.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 301 members out of 315 rating the stock outperform, and 14 members rating it underperform. Among 72 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Kulicke & Soffa Industries a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kulicke & Soffa Industries is outperform, with an average price target of $13.50.
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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. The Motley Fool owns shares of Kulicke & Soffa Industries. 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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