Integrated Silicon Solution Beats on the Top Line

Seth Jayson, The Motley Fool
Updated

Integrated Silicon Solution (NAS: ISSI) reported earnings on Nov. 1. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Sep. 30 (Q4), Integrated Silicon Solution beat expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP earnings per share contracted to a loss.


Margins contracted across the board.

Revenue details
 Integrated Silicon Solution booked revenue of $72.5 million. The six analysts polled by S&P Capital IQ anticipated sales of $68.5 million on the same basis. GAAP reported sales were 1.6% higher than the prior-year quarter's $71.3 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at -$0.48. The five earnings estimates compiled by S&P Capital IQ averaged $0.14 per share. GAAP EPS were -$0.48 for Q4 compared to $1.24 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 25.3%, 810 basis points worse than the prior-year quarter. Operating margin was -7.7%, 1,720 basis points worse than the prior-year quarter. Net margin was -18.3%, 6,720 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $72.2 million. On the bottom line, the average EPS estimate is $0.18.

Next year's average estimate for revenue is $312.2 million. The average EPS estimate is $0.91.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 233 members out of 247 rating the stock outperform, and 14 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Integrated Silicon Solution 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 Integrated Silicon Solution is buy, with an average price target of $12.58.

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The article Integrated Silicon Solution Beats on the Top Line 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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