The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Himax Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins increased across the board.
Himax Technologies reported revenue of $190.4 million. The two analysts polled by S&P Capital IQ looked for revenue of $189.6 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $162.1 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 two earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. GAAP EPS of $0.06 for Q3 were much higher than the prior-year quarter's $0.00 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 23.3%, 480 basis points better than the prior-year quarter. Operating margin was 6.9%, 720 basis points better than the prior-year quarter. Net margin was 5.5%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $196.5 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $742.2 million. The average EPS estimate is $0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 861 members out of 891 rating the stock outperform, and 30 members rating it underperform. Among 179 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Himax Technologies a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Himax Technologies is buy, with an average price target of $3.50.
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