Aeroflex Holding (NYSE: ARX ) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), Aeroflex Holding beat slightly on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly. Non-GAAP earnings per share increased significantly. GAAP loss per share dropped.
Margins expanded across the board.
Aeroflex Holding reported revenue of $161.0 million. The five analysts polled by S&P Capital IQ wanted to see sales of $158.8 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 $0.12. The five earnings estimates compiled by S&P Capital IQ averaged $0.11 per share. Non-GAAP EPS of $0.12 for Q3 were 50% higher than the prior-year quarter's $0.08 per share. GAAP EPS were -$0.11 for Q3 compared to -$0.77 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 50.1%, 130 basis points better than the prior-year quarter. Operating margin was 3.6%, 200 basis points better than the prior-year quarter. Net margin was -5.8%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $181.8 million. On the bottom line, the average EPS estimate is $0.22.
Next year's average estimate for revenue is $638.0 million. The average EPS estimate is $0.47.
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 six CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five 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 $8.67.
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