AVX (NYS: AVX) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), AVX beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.
Margins shrank across the board.
AVX reported revenue of $360.8 million. The two analysts polled by S&P Capital IQ expected a top line of $357.0 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $404.8 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 $0.17. The four earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. GAAP EPS of $0.17 for Q2 were 53% 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 19.1%, 830 basis points worse than the prior-year quarter. Operating margin was 10.9%, 920 basis points worse than the prior-year quarter. Net margin was 7.8%, 750 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $353.6 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $1.43 billion. The average EPS estimate is $0.66.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 131 members out of 140 rating the stock outperform, and nine members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give AVX a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on AVX is hold, with an average price target of $11.00.
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The article AVX Beats on Revenue, Matches Expectations on EPS originally appeared on Fool.com.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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