Hittite Microwave (Nasdaq: HITT ) reported earnings on Feb. 21. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Hittite Microwave beat slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue increased. GAAP earnings per share shrank significantly.
Margins dropped across the board.
Hittite Microwave reported revenue of $68.5 million. The six analysts polled by S&P Capital IQ anticipated net sales of $67.7 million on the same basis. GAAP reported sales were 14% higher than the prior-year quarter's $60.2 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 $0.57. The four earnings estimates compiled by S&P Capital IQ predicted $0.56 per share. GAAP EPS of $0.57 for Q4 were 19% lower than the prior-year quarter's $0.70 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 73.3%, 70 basis points worse than the prior-year quarter. Operating margin was 40.8%, 10 basis points worse than the prior-year quarter. Net margin was 25.9%, 940 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $68.3 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $287.8 million. The average EPS estimate is $2.47.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 241 members out of 253 rating the stock outperform, and 12 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Hittite Microwave a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Hittite Microwave is outperform, with an average price target of $62.00.
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