IXYS Whiffs on Revenue
IXYS (NAS: IXYS) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q3), IXYS whiffed on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank, and GAAP earnings per share dropped significantly.
Margins contracted across the board.
IXYS booked revenue of $80.0 million. The three analysts polled by S&P Capital IQ expected to see sales of $92.8 million. Sales were 13% lower than the prior-year quarter's $91.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.18. The three earnings estimates compiled by S&P Capital IQ averaged $0.25 per share. GAAP EPS of $0.18 for Q3 were 22% lower than the prior-year quarter's $0.23 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 28.9%, 280 basis points worse than the prior-year quarter. Operating margin was 6.6%, 450 basis points worse than the prior-year quarter. Net margin was 7.1%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $93.5 million. On the bottom line, the average EPS estimate is $0.25.
Next year's average estimate for revenue is $380.2 million. The average EPS estimate is $1.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 342 members out of 351 rating the stock outperform, and nine members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 77 give IXYS 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 IXYS is buy, with an average price target of $16.00.
New mobile devices are changing the game -- and potential profitability -- at many semiconductor companies. Some will fail, some will tread water, and those in the right devices will shine. Where does IXYS fit in? Who will lead going forward? Check out our free report: "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.
- Add IXYS to My Watchlist.
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.