Integrated Silicon Solution Misses on Both Revenue and Earnings
Integrated Silicon Solution (NAS: ISSI) reported earnings on Jan. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Integrated Silicon Solution missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Integrated Silicon Solution reported revenue of $76.4 million. The five analysts polled by S&P Capital IQ foresaw revenue of $78.1 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $66.2 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 $0.09. The four earnings estimates compiled by S&P Capital IQ forecast $0.10 per share. GAAP EPS of $0.09 for Q1 were 31% lower than the prior-year quarter's $0.13 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 32.1%, 140 basis points worse than the prior-year quarter. Operating margin was 4.4%, 330 basis points worse than the prior-year quarter. Net margin was 3.3%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $79.1 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $329.7 million. The average EPS estimate is $0.63.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 227 members out of 241 rating the stock outperform, and 14 members rating it underperform. Among 43 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Integrated Silicon Solution a green thumbs-up, and two 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 $12.70.
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The article Integrated Silicon Solution Misses on Both Revenue and Earnings 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 position in any of the stocks mentioned. 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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