Lattice Semiconductor Goes Negative

Seth Jayson, The Motley Fool
Updated

Lattice Semiconductor (NAS: LSCC) reported earnings on Jan. 24. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 29 (Q4), Lattice Semiconductor met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.


Margins dropped across the board.

Revenue details
 Lattice Semiconductor reported revenue of $65.9 million. The five analysts polled by S&P Capital IQ predicted revenue of $65.9 million on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $70.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.01. The four earnings estimates compiled by S&P Capital IQ forecast -$0.01 per share. GAAP EPS were -$0.06 for Q4 versus $0.34 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 54.2%, 350 basis points worse than the prior-year quarter. Operating margin was -0.4%, 1,070 basis points worse than the prior-year quarter. Net margin was -10.9%, 6,930 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $67.3 million. On the bottom line, the average EPS estimate is $0.02.

Next year's average estimate for revenue is $287.5 million. The average EPS estimate is $0.21.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 127 members out of 144 rating the stock outperform, and 17 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Lattice Semiconductor 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 Lattice Semiconductor is outperform, with an average price target of $4.80.

Is Lattice Semiconductor the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.

The article Lattice Semiconductor Goes Negative originally appeared on Fool.com.

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. The Motley Fool has no position in any of the stocks mentioned. 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement