Can II-VI Meet These Numbers?
II-VI (NAS: IIVI) is expected to report Q2 earnings around Jan. 20. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict II-VI's revenues will expand 7.5% and EPS will contract -16.0%.
The average estimate for revenue is $136.3 million. On the bottom line, the average EPS estimate is $0.21.
Revenue details
Last quarter, II-VI reported revenue of $132.3 million. GAAP reported sales were 4.4% lower than the prior-year quarter's $138.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, non-GAAP EPS came in at $0.21. GAAP EPS of $0.20 for Q1 were 31% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Recent performance
For the preceding quarter, gross margin was 36.9%, 290 basis points worse than the prior-year quarter. Operating margin was 12.5%, 410 basis points worse than the prior-year quarter. Net margin was 9.6%, 380 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $579.5 million. The average EPS estimate is $1.00.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 1,285 members out of 1,305 rating the stock outperform, and 20 members rating it underperform. Among 426 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 421 give II-VI 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 II-VI is outperform, with an average price target of $20.28.
Looking for alternatives to II-VI? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
Add II-VI to My Watchlist.
The article Can II-VI Meet These Numbers? 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 recommends II-VI. 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
