AXT Meets on Revenues, Misses on EPS
AXT (NAS: AXTI) filed its 10-K on March 15. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), AXT met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
AXT logged revenue of $21.2 million. The six analysts polled by S&P Capital IQ expected a top line of $21.3 million on the same basis. GAAP reported sales were 21% lower than the prior-year quarter's $26.9 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 $0.08. The five earnings estimates compiled by S&P Capital IQ averaged $0.09 per share. GAAP EPS of $0.08 for Q4 were 47% lower than the prior-year quarter's $0.15 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 37.0%, 280 basis points worse than the prior-year quarter. Operating margin was 15.7%, 520 basis points worse than the prior-year quarter. Net margin was 12.1%, 610 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $22.7 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $105.2 million. The average EPS estimate is $0.46.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 370 members out of 386 rating the stock outperform, and 16 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 70 give AXT a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AXT is buy, with an average price target of $7.33.
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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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