Micrel (Nasdaq: MCRL ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Micrel missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly. GAAP earnings per share stayed the same.
Margins shrank across the board.
Micrel logged revenue of $59.7 million. The three analysts polled by S&P Capital IQ predicted revenue of $61.5 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 $0.09. The three earnings estimates compiled by S&P Capital IQ predicted $0.07 per share. GAAP EPS of $0.09 were the same as 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 52.0%, 230 basis points worse than the prior-year quarter. Operating margin was 9.1%, 510 basis points worse than the prior-year quarter. Net margin was 8.8%, 10 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $62.1 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $252.7 million. The average EPS estimate is $0.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 112 members out of 119 rating the stock outperform, and seven members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Micrel 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 Micrel is buy, with an average price target of $15.50.
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