Monolithic Power Systems Beats on Both Top and Bottom Lines
Monolithic Power Systems (NAS: MPWR) reported earnings on April 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Monolithic Power Systems beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.
Margins improved across the board.
Monolithic Power Systems notched revenue of $50.5 million. The nine analysts polled by S&P Capital IQ predicted sales of $48.0 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $44.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.17. The nine earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.08 for Q1 were 60% higher than the prior-year quarter's $0.05 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 52.3%, 210 basis points better than the prior-year quarter. Operating margin was 6.6%, 50 basis points better than the prior-year quarter. Net margin was 5.9%, 160 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $52.6 million. On the bottom line, the average EPS estimate is $0.18.
Next year's average estimate for revenue is $215.2 million. The average EPS estimate is $0.79.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 136 members out of 148 rating the stock outperform, and 12 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Monolithic Power Systems a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monolithic Power Systems is outperform, with an average price target of $19.29.
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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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