The 10-second takeaway
For the quarter ended Dec. 29 (Q3), Supertex met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP earnings per share expanded significantly.
Margins expanded across the board.
Supertex logged revenue of $14.4 million. The four analysts polled by S&P Capital IQ predicted revenue of $14.3 million on the same basis. GAAP reported sales were 2.2% higher than the prior-year quarter's $14.1 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 $0.18. The two earnings estimates compiled by S&P Capital IQ forecast $0.06 per share. GAAP EPS of $0.12 for Q3 were much higher than the prior-year quarter's $0.01 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 50.9%, 1,280 basis points better than the prior-year quarter. Operating margin was 5.3%, 1,520 basis points better than the prior-year quarter. Net margin was 10.0%, 930 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $14.8 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $61.0 million. The average EPS estimate is $0.38.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 92 members out of 103 rating the stock outperform, and 11 members rating it underperform. Among 31 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Supertex 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 Supertex is outperform, with an average price target of $19.00.
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