Editor's note: A previous version of this article included erroneous estimate information from our data provider, S&P Capital IQ. The article has been updated to reflect better estimate comparability with reported results.
Cabot Microelectronics (NAS: CCMP) reported earnings on April 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q2), Cabot Microelectronics met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Cabot Microelectronics recorded revenue of $99.2 million. The two analysts polled by S&P Capital IQ expected revenue of $98.8 million on the same basis. GAAP reported sales were 9.5% lower than the prior-year quarter's $109.7 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 $0.35. The one earnings estimate compiled by S&P Capital IQ predicted $0.35 per share. GAAP EPS of $0.23 for Q2 were 58% lower than the prior-year quarter's $0.55 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 46.1%, 200 basis points worse than the prior-year quarter. Operating margin was 9.2%, 850 basis points worse than the prior-year quarter. Net margin was 5.6%, 630 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $106.5 million. On the bottom line, the average EPS estimate is $0.52.
Next year's average estimate for revenue is $421.6 million. The average EPS estimate is $1.98.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 44 members out of 49 rating the stock outperform, and five members rating it underperform. Among 20 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 19 give Cabot Microelectronics a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cabot Microelectronics is outperform, with an average price target of $47.00.
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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. 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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