The 10-second takeaway
For the quarter ended March 31 (Q1), Cymer whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
Cymer booked revenue of $99.6 million. The six analysts polled by S&P Capital IQ anticipated sales of $163.0 million on the same basis. GAAP reported sales were 34% lower than the prior-year quarter's $150.5 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 $0.07. The six earnings estimates compiled by S&P Capital IQ anticipated $0.16 per share. GAAP EPS of $0.07 for Q1 were 90% lower than the prior-year quarter's $0.68 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 51.5%, 130 basis points better than the prior-year quarter. Operating margin was -10.5%, much worse than the prior-year quarter. Net margin was 2.3%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $176.9 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $722.7 million. The average EPS estimate is $1.75.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 98 members out of 126 rating the stock outperform, and 28 members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Cymer a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Cymer is hold, with an average price target of $74.00.
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