Aviat Networks (Nasdaq: AVNW ) reported earnings on Jan. 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 28 (Q2), Aviat Networks beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP loss per share shrank.
Gross margins contracted, operating margins expanded, net margins grew.
Aviat Networks reported revenue of $129.0 million. The two analysts polled by S&P Capital IQ foresaw a top line of $123.8 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $105.0 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 $0.11. The two earnings estimates compiled by S&P Capital IQ anticipated $0.08 per share. GAAP EPS were -$0.09 for Q2 compared to -$0.22 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 quarter, gross margin was 30.0%, 50 basis points worse than the prior-year quarter. Operating margin was 4.0%, 680 basis points better than the prior-year quarter. Net margin was -4.1%, 810 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $118.3 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $482.0 million. The average EPS estimate is $0.26.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 66 members out of 78 rating the stock outperform, and 12 members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give Aviat Networks a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aviat Networks is outperform, with an average price target of $3.50.
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