The 10-second takeaway
For the quarter ended March 29 (Q1), Intersil missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share didn't move. GAAP earnings per share expanded.
Gross margins dropped, operating margins shrank, net margins expanded.
Intersil booked revenue of $131.7 million. The 16 analysts polled by S&P Capital IQ looked for revenue of $134.5 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $156.0 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 $0.06. The nine earnings estimates compiled by S&P Capital IQ anticipated $0.04 per share. Non-GAAP EPS of $0.06 were the same as the prior-year quarter. GAAP EPS were $0.02 for Q1 against -$0.03 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 53.8%, 80 basis points worse than the prior-year quarter. Operating margin was -2.5%, 210 basis points worse than the prior-year quarter. Net margin was 1.9%, 400 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $144.6 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $584.6 million. The average EPS estimate is $0.38.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 142 members out of 156 rating the stock outperform, and 14 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Intersil a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intersil is hold, with an average price target of $8.45.
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