Entegris Beats Expectations But Takes A Step Back Anyway
Entegris (NAS: ENTG) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Entegris beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.
Gross margins dropped, operating margins contracted, net margins expanded.
Entegris notched revenue of $163.9 million. The seven analysts polled by S&P Capital IQ looked for revenue of $161.7 million. Sales were 10.0% lower than the prior-year quarter's $182.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.14. The five earnings estimates compiled by S&P Capital IQ averaged $0.13 per share on the same basis. GAAP EPS of $0.30 for Q4 were 50% higher than the prior-year quarter's $0.20 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 41.2%, 370 basis points worse than the prior-year quarter. Operating margin was 13.3%, 310 basis points worse than the prior-year quarter. Net margin was 24.9%, 1,010 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $161.6 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $724.4 million. The average EPS estimate is $0.65.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 135 members out of 151 rating the stock outperform, and 16 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Entegris a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Entegris is outperform, with an average price target of $9.97.
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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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