Newport (NAS: NEWP) reported earnings on Aug. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Newport missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Newport tallied revenue of $153.7 million. The six analysts polled by S&P Capital IQ anticipated net sales of $157.7 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $130.1 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 $0.30. The five earnings estimates compiled by S&P Capital IQ averaged $0.30 per share. GAAP EPS of $0.24 for Q2 were 33% lower than the prior-year quarter's $0.36 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 43.5%, 240 basis points worse than the prior-year quarter. Operating margin was 7.4%, 550 basis points worse than the prior-year quarter. Net margin was 6.0%, 470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $164.4 million. On the bottom line, the average EPS estimate is $0.35.
Next year's average estimate for revenue is $655.6 million. The average EPS estimate is $1.40.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 98 members out of 114 rating the stock outperform, and 16 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Newport a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Newport is buy, with an average price target of $22.29.
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The article Newport Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.
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