Cohu Beats on Revenue, Matches Expectations on EPS
Cohu (NAS: COHU) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cohu beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Cohu chalked up revenue of $66.6 million. The two analysts polled by S&P Capital IQ expected to see sales of $65.1 million. Sales were 31% lower than the prior-year quarter's $96.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.03. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.03 for Q4 were 92% lower than the prior-year quarter's $0.39 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 32.2%, 130 basis points worse than the prior-year quarter. Operating margin was 1.8%, 900 basis points worse than the prior-year quarter. Net margin was 1.1%, 860 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $63.5 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $288.3 million. The average EPS estimate is $0.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 53 members out of 59 rating the stock outperform, and six members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Cohu a green thumbs-up, and one give it a red thumbs-down.
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At the time this article was published 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. 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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