Nova Measuring Instruments (Nasdaq: NVMI ) reported earnings on Feb. 19. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nova Measuring Instruments beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.
Margins shrank across the board.
Nova Measuring Instruments recorded revenue of $22.1 million. The three analysts polled by S&P Capital IQ foresaw revenue of $20.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $19.2 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 $0.04. The three earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. Non-GAAP EPS of $0.04 for Q4 were 78% lower than the prior-year quarter's $0.18 per share. GAAP EPS of $0.09 for Q4 were 50% lower than the prior-year quarter's $0.18 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 50.1%, 480 basis points worse than the prior-year quarter. Operating margin was -1.6%, 1,340 basis points worse than the prior-year quarter. Net margin was 11.2%, 1,470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $23.5 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $100.9 million. The average EPS estimate is $0.58.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 90 members out of 94 rating the stock outperform, and four members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Nova Measuring Instruments a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nova Measuring Instruments is buy, with an average price target of $11.00.
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