International Rectifier (NYS: IRF) reported earnings on Aug. 22. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 24 (Q4), International Rectifier beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
International Rectifier tallied revenue of $269.7 million. The seven analysts polled by S&P Capital IQ anticipated net sales of $261.9 million on the same basis. GAAP reported sales were 15% lower than the prior-year quarter's $317.2 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 -$0.20. The nine earnings estimates compiled by S&P Capital IQ averaged -$0.14 per share. GAAP EPS were -$0.99 for Q4 versus $0.56 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 25.9%, 1,100 basis points worse than the prior-year quarter. Operating margin was -6.8%, 1,620 basis points worse than the prior-year quarter. Net margin was -25.3%, 3,780 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $274.2 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $1.14 billion. The average EPS estimate is $0.70.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 142 members out of 157 rating the stock outperform, and 15 members rating it underperform. Among 36 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give International Rectifier 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 International Rectifier is outperform, with an average price target of $23.80.
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The article International Rectifier Goes Red originally appeared on Fool.com.
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