KEMET (NYSE: KEM ) is expected to report Q3 earnings on Jan. 31. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict KEMET's revenues will wane -8.3% and EPS will shrink to a loss.
The average estimate for revenue is $200.6 million. On the bottom line, the average EPS estimate is -$0.18.
Last quarter, KEMET logged revenue of $216.0 million. GAAP reported sales were 19% lower than the prior-year quarter's $265.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.14. GAAP EPS were -$0.55 for Q2 versus $0.27 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 preceding quarter, gross margin was 15.2%, 820 basis points worse than the prior-year quarter. Operating margin was -0.9%, 1,090 basis points worse than the prior-year quarter. Net margin was -11.5%, 1,690 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $846.5 million. The average EPS estimate is -$0.61.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 120 members out of 126 rating the stock outperform, and six members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give KEMET 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 KEMET is hold, with an average price target of $8.75.
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