Aeroflex Holding (NYSE: ARX ) is expected to report Q3 earnings on May 9. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Aeroflex Holding's revenues will contract -2.1% and EPS will grow 37.5%.
The average estimate for revenue is $158.8 million. On the bottom line, the average EPS estimate is $0.11.
Last quarter, Aeroflex Holding chalked up revenue of $156.2 million. GAAP reported sales were 8.7% lower than the prior-year quarter's $171.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.10. GAAP EPS were $0.01 for Q2 compared to -$0.01 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 preceding quarter, gross margin was 50.6%, 50 basis points better than the prior-year quarter. Operating margin was 4.6%, 100 basis points worse than the prior-year quarter. Net margin was 0.5%, 80 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $636.7 million. The average EPS estimate is $0.46.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 24 members out of 34 rating the stock outperform, and 10 members rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), four give Aeroflex Holding 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 Aeroflex Holding is hold, with an average price target of $8.17.
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