Silicon Motion Technology Catches Analysts Sleeping Again
Silicon Motion Technology (NAS: SIMO) reported earnings on Feb. 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Silicon Motion Technology beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded.
Margins grew across the board.
Silicon Motion Technology reported revenue of $67.1 million. The five analysts polled by S&P Capital IQ hoped for a top line of $60.5 million. Sales were 61% higher than the prior-year quarter's $40.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.37. The five earnings estimates compiled by S&P Capital IQ anticipated $0.26 per share on the same basis. GAAP EPS were $3.67 for Q4 compared to -$0.20 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 49.7%, 470 basis points better than the prior-year quarter. Operating margin was 21.0%, 970 basis points better than the prior-year quarter. Net margin was 18.2%, 3,200 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $56.7 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $261.0 million. The average EPS estimate is $1.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 769 members out of 796 rating the stock outperform, and 27 members rating it underperform. Among 248 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 244 give Silicon Motion Technology a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Motion Technology is buy, with an average price target of $23.51.
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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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