Nanometrics Beats Expectations but Takes a Step Back Anyway
Nanometrics (NAS: NANO) reported earnings on Feb. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nanometrics beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Nanometrics booked revenue of $45.3 million. The six analysts polled by S&P Capital IQ looked for revenue of $41.7 million. GAAP sales were 1.8% lower than the prior-year quarter's $46.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.08. The five earnings estimates compiled by S&P Capital IQ averaged $0.01 per share on the same basis. GAAP EPS were -$0.02 for Q4 compared to $1.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.6%, 610 basis points worse than the prior-year quarter. Operating margin was 4.4%, 1,440 basis points worse than the prior-year quarter. Net margin was -1.2%, 5,780 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $50.1 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $234.1 million. The average EPS estimate is $1.09.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nanometrics is outperform, with an average price target of $21.00.
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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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