Charting Intevac's Latest Earnings Release (IVAC)

Charting Intevac's Latest Earnings Release

Intevac (Nasdaq: IVAC ) reported earnings on April 30. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q1), Intevac met expectations on revenues and exceeded expectations on earnings per share.

Compared with the prior-year quarter, revenue dropped slightly and GAAP loss per share dropped.

Gross margins increased, operating margins were steady, net margins increased.

Revenue details
Intevac reported revenue of $17.3 million. The three analysts polled by S&P Capital IQ anticipated sales of $17.4 million on the same basis. GAAP reported sales were 0.6% lower than the prior-year quarter's $17.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.18. The three earnings estimates compiled by S&P Capital IQ anticipated -$0.24 per share. GAAP EPS were -$0.14 for Q1 compared to -$0.31 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 39.4%, 280 basis points better than the prior-year quarter. Operating margin was -52.9%, about the same as the prior-year quarter. Net margin was -18.3%, 2,210 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $24.1 million. On the bottom line, the average EPS estimate is -$0.20.

Next year's average estimate for revenue is $129.4 million. The average EPS estimate is -$0.34.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 197 members out of 212 rating the stock outperform, and 15 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 43 give Intevac a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intevac is outperform, with an average price target of $10.00.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings. He is the co-advisor of Motley 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 don't 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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