Diodes Misses on Both Revenue and Earnings
Diodes (NAS: DIOD) reported earnings Feb. 8. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Diodes missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped significantly.
Margins contracted across the board.
Diodes recorded revenue of $160.6 million. The 12 analysts polled by S&P Capital IQ expected to see a top line of $164.3 million. GAAP sales were 12% lower than the prior-year quarter's $163.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.26. The 11 earnings estimates compiled by S&P Capital IQ predicted $0.34 per share on the same basis. GAAP EPS of $0.07 for Q3 were 87% lower than the prior-year quarter's $0.52 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 24.8%, 1,350 basis points worse than the prior-year quarter. Operating margin was 3.4%, 1,630 basis points worse than the prior-year quarter. Net margin was 2.2%, 1,240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $145.2 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $637.2 million. The average EPS estimate is $1.25.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 223 members out of 238 rating the stock outperform, and 15 members rating it underperform. Among 70 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Diodes a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Diodes is outperform, with an average price target of $24.45.
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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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