JDS Uniphase Beats Estimates but Has a Big Earnings Drop
JDS Uniphase (NAS: JDSU) reported earnings on Feb. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), JDS Uniphase beat expectations on revenues and earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share shrank to a loss.
Margins shrank across the board.
JDS Uniphase booked revenue of $413.1 million. The 12 analysts polled by S&P Capital IQ foresaw net sales of $391.0 million. Sales were 13% lower than the prior-year quarter's $477.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.15. The 14 earnings estimates compiled by S&P Capital IQ predicted $0.10 per share on the same basis. GAAP EPS were -$0.04 for Q2 versus $0.10 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 46.1%, 200 basis points worse than the prior-year quarter. Operating margin was 0.6%, 700 basis points worse than the prior-year quarter. Net margin was -2.5%, 750 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $417.4 million. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $1.68 billion. The average EPS estimate is $0.64.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 682 members out of 823 rating the stock outperform, and 141 members rating it underperform. Among 162 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 137 give JDS Uniphase a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JDS Uniphase is outperform, with an average price target of $14.70.
Internet software and services are being consumed in radically different ways, on increasingly mobile devices. Does JDS Uniphase fit in anymore? Check out the company that Motley Fool analysts expect to lead the pack in "The Next Trillion-Dollar Revolution." Click here for instant access to this free report.
- Add JDS Uniphase to My Watchlist.
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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.