MKS Instruments (NAS: MKSI) reported earnings on Oct. 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), MKS Instruments missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank significantly.
Margins contracted across the board.
MKS Instruments chalked up revenue of $141.4 million. The six analysts polled by S&P Capital IQ expected to see revenue of $150.2 million on the same basis. GAAP reported sales were 27% lower than the prior-year quarter's $194.5 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 $0.16. The seven earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.05 for Q3 were 91% lower than the prior-year quarter's $0.57 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 40.0%, 510 basis points worse than the prior-year quarter. Operating margin was 8.9%, 1,220 basis points worse than the prior-year quarter. Net margin was 1.8%, 1,380 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $144.7 million. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $663.3 million. The average EPS estimate is $1.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 180 members out of 189 rating the stock outperform, and nine members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give MKS Instruments 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 MKS Instruments is hold, with an average price target of $30.17.
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The article The Gory Details on MKS Instruments's Double Miss originally appeared on Fool.com.
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