Himax Technologies Increases Sales but Misses Estimates on Earnings
Himax Technologies (NAS: HIMX) reported earnings on Feb. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Himax Technologies beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins dropped, and net margins shrank.
Himax Technologies recorded revenue of $169.2 million. The two analysts polled by S&P Capital IQ looked for revenue of $160.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $141.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.02. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.02 for Q4 were 67% lower than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.1%, 60 basis points better than the prior-year quarter. Operating margin was 6.6%, 250 basis points worse than the prior-year quarter. Net margin was 2.2%, 610 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $152.7 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $697.4 million. The average EPS estimate is $0.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 879 members out of 906 rating the stock outperform, and 27 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 222 give Himax Technologies 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 Himax Technologies is outperform, with an average price target of $1.35.
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 Himax Technologies fit in? Who will lead going forward? Check out "3 Hidden Winners of the iPhone, iPad, and Android Revolution." Click here for instant access to this free report.
- Add Himax Technologies 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.