Hittite Microwave Beats Analyst Estimates on EPS
Hittite Microwave (NAS: HITT) reported earnings on Feb. 14. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hittite Microwave met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share didn't move.
Gross margins dropped, operating margins contracted, net margins expanded.
Hittite Microwave reported revenue of $68.1 million. The four analysts polled by S&P Capital IQ predicted sales of $69.1 million on the same basis. GAAP reported sales were 8.2% lower than the prior-year quarter's $65.6 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 $0.73. The three earnings estimates compiled by S&P Capital IQ anticipated $0.68 per share on the same basis. GAAP EPS of $0.69 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 74.0%, 50 basis points worse than the prior-year quarter. Operating margin was 40.9%, 820 basis points worse than the prior-year quarter. Net margin was 35.3%, 340 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $59.4 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $263.3 million. The average EPS estimate is $2.61.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 246 members out of 255 rating the stock outperform, and nine members rating it underperform. Among 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Hittite Microwave a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hittite Microwave is hold, with an average price target of $55.60.
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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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