FSI International (NAS: FSII) reported earnings on March 20. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 25 (Q2), FSI International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
FSI International reported revenue of $38.5 million. The three analysts polled by S&P Capital IQ predicted sales of $32.1 million on the same basis. GAAP reported sales were 25% higher than the prior-year quarter's $30.8 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 $0.09. The three earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.09 for Q2 were 31% lower than the prior-year quarter's $0.13 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 32.5%, 990 basis points worse than the prior-year quarter. Operating margin was 9.8%, 620 basis points worse than the prior-year quarter. Net margin was 9.6%, 640 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $50.4 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $150.2 million. The average EPS estimate is $0.41.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 107 members out of 116 rating the stock outperform, and nine members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 17 give FSI International a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FSI International is outperform, with an average price target of $6.08.
Over the decades, small-cap stocks, like FSI International have provided market-beating returns, provided they're value priced and have solid businesses. Read about a pair of companies with a lock on their markets in "Too Small to Fail: Two Small Caps the Government Won't Let Go Broke." Click here for instant access to this free report.
Add FSI International to My Watchlist.
At the time thisarticle 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. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.