Aeroflex Holding
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Aeroflex Holding beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share increased.
Margins dropped across the board.
Revenue details
Aeroflex Holding reported revenue of $141.2 million. The five analysts polled by S&P Capital IQ expected revenue of $137.2 million on the same basis. GAAP reported sales were 8.9% lower than the prior-year quarter's $154.9 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 $0.04. The five earnings estimates compiled by S&P Capital IQ predicted $0.01 per share. GAAP EPS were -$0.17 for Q1 compared to -$0.06 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 48.8%, 190 basis points worse than the prior-year quarter. Operating margin was -1.6%, 220 basis points worse than the prior-year quarter. Net margin was -10.0%, 670 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $151.0 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $628.0 million. The average EPS estimate is $0.34.
Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 22 members out of 31 rating the stock outperform, and nine members rating it underperform. Among six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Aeroflex Holding 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 Aeroflex Holding is hold, with an average price target of $8.00.
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