Power-One Goes Red
Power-One (NAS: PWER) reported earnings on Jan. 31. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q4), Power-One met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Power-One logged revenue of $191.7 million. The seven analysts polled by S&P Capital IQ expected revenue of $192.8 million on the same basis. GAAP reported sales were 28% lower than the prior-year quarter's $266.8 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 -$0.10. The four earnings estimates compiled by S&P Capital IQ anticipated -$0.09 per share. GAAP EPS were -$0.14 for Q4 against $0.21 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 13.4%, 1,370 basis points worse than the prior-year quarter. Operating margin was -7.0%, 2,010 basis points worse than the prior-year quarter. Net margin was -8.9%, 2,100 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $196.4 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $933.3 million. The average EPS estimate is $0.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 602 members out of 643 rating the stock outperform, and 41 members rating it underperform. Among 125 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Power-One a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Power-One is hold, with an average price target of $5.24.
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The article Power-One Goes Red originally appeared on Fool.com.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. The Motley Fool owns shares of Power-One. 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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