Supertex Meets on the Top Line, Misses Where It Counts
Supertex (NAS: SUPX) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Supertex met expectations on revenues and missed estimates on earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP earnings per share didn't change.
Margins dropped across the board.
Supertex logged revenue of $16.5 million. The four analysts polled by S&P Capital IQ expected a top line of $16.4 million on the same basis. GAAP reported sales were 8.5% lower than the prior-year quarter's $18.0 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 $0.11. The four earnings estimates compiled by S&P Capital IQ predicted $0.12 per share. GAAP EPS of $0.11 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 47.0%, 370 basis points worse than the prior-year quarter. Operating margin was 1.4%, 730 basis points worse than the prior-year quarter. Net margin was 7.7%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $16.9 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $70.5 million. The average EPS estimate is $0.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 92 members out of 103 rating the stock outperform, and 11 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Supertex a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Supertex is outperform, with an average price target of $23.00.
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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. He is the 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 don't 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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