Pericom Semiconductor Goes Negative
Pericom Semiconductor (NAS: PSEM) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), Pericom Semiconductor missed estimates on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank to a loss.
Gross margins expanded, operating margins dropped, and net margins contracted.
Pericom Semiconductor tallied revenue of $30.5 million. The three analysts polled by S&P Capital IQ anticipated net sales of $32.4 million. Sales were 25% lower than the prior-year quarter's $40.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at -$0.01. The two earnings estimates compiled by S&P Capital IQ averaged -$0.01 per share. GAAP EPS were -$0.01 for Q2 compared to $0.07 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 36.0%, 250 basis points better than the prior-year quarter. Operating margin was -4.5%, 840 basis points worse than the prior-year quarter. Net margin was -1.1%, 560 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $32.8 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $138.3 million. The average EPS estimate is $0.07.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 125 members out of 127 rating the stock outperform, and two members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), all of them give the stock a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Pericom Semiconductor is buy, with an average price target of $13.00.
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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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