Aeroflex Holding (NYS: ARX) reported earnings on Aug. 16. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q4), Aeroflex Holding met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share improved.
Gross margins shrank, operating margins dropped, net margins expanded.
Aeroflex Holding reported revenue of $184.7 million. The five analysts polled by S&P Capital IQ expected revenue of $183.6 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $198.7 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 $0.23. The six earnings estimates compiled by S&P Capital IQ anticipated $0.21 per share. GAAP EPS were $0.20 for Q4 versus -$0.25 per share for 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 51.7%, 420 basis points worse than the prior-year quarter. Operating margin was 11.1%, 690 basis points worse than the prior-year quarter. Net margin was 9.3%, 2,020 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $136.5 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $611.8 million. The average EPS estimate is $0.35.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 20 members out of 30 rating the stock outperform, and 10 members rating it underperform. Among four CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Aeroflex Holding a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aeroflex Holding is hold, with an average price target of $9.67.
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The article Aeroflex Holding Beats Expectations But Takes A Step Back Anyway originally appeared on Fool.com.
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