Intersil Goes Red
Intersil (NAS: ISIL) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Intersil met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Intersil logged revenue of $156.0 million. The 18 analysts polled by S&P Capital IQ predicted a top line of $156.6 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $198.9 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 $0.06. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.07 per share on the same basis. GAAP EPS were -$0.03 for Q1 compared to $0.11 per share for 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 54.6%, 320 basis points worse than the prior-year quarter. Operating margin was -0.4%, 1,220 basis points worse than the prior-year quarter. Net margin was -2.1%, 920 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $169.1 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $697.2 million. The average EPS estimate is $0.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 173 members out of 192 rating the stock outperform, and 19 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Intersil a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intersil is hold, with an average price target of $11.62.
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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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