Semiconductor Manufacturing International Beats on Both Top and Bottom Lines
Semiconductor Manufacturing International (NYS: SMI) reported earnings on Feb. 6. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Semiconductor Manufacturing International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased to zero.
Margins increased across the board.
Semiconductor Manufacturing International reported revenue of $485.9 million. The five analysts polled by S&P Capital IQ predicted revenue of $464.9 million on the same basis. GAAP reported sales were 68% higher than the prior-year quarter's $289.6 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 $0.06. The one earnings estimate compiled by S&P Capital IQ averaged $0.01 per share. GAAP EPS dropped to zero from the prior-year quarter's -$0.01.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.9%, 2,730 basis points better than the prior-year quarter. Operating margin was 10.9%, 4,160 basis points better than the prior-year quarter. Net margin was 8.2%, 6,520 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $446.0 million.
Next year's average estimate for revenue is $1.90 billion. The average EPS estimate is $0.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 80 members out of 102 rating the stock outperform, and 22 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Semiconductor Manufacturing International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Semiconductor Manufacturing International is outperform, with an average price target of $2.43.
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The article Semiconductor Manufacturing International Beats on Both Top and Bottom Lines 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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