International Rectifier Beats Up on Analysts Yet Again (IRF)

International Rectifier Beats Up on Analysts Yet Again

International Rectifier (NYSE: IRF ) reported earnings on Jan. 28. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 23 (Q2), International Rectifier met expectations on revenues and exceeded expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank slightly and GAAP loss per share grew.

Margins contracted across the board.

Revenue details
International Rectifier booked revenue of $223.8 million. The seven analysts polled by S&P Capital IQ anticipated a top line of $223.2 million on the same basis. GAAP reported sales were 2.7% lower than the prior-year quarter's $230.1 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 -$0.44. The eight earnings estimates compiled by S&P Capital IQ averaged -$0.48 per share. GAAP EPS were -$0.47 for Q2 versus -$0.09 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 21.9%, 1,350 basis points worse than the prior-year quarter. Operating margin was -13.3%, 1,190 basis points worse than the prior-year quarter. Net margin was -14.6%, 1,180 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $228.7 million. On the bottom line, the average EPS estimate is -$0.31.

Next year's average estimate for revenue is $947.1 million. The average EPS estimate is -$1.21.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 143 members out of 161 rating the stock outperform, and 18 members rating it underperform. Among 39 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give International Rectifier a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on International Rectifier is hold, with an average price target of $18.75.

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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 here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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