Nova Measuring Instruments (Nasdaq: NVMI ) reported earnings on July 30. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Nova Measuring Instruments beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins dropped.
Nova Measuring Instruments notched revenue of $28.1 million. The three analysts polled by S&P Capital IQ expected sales of $27.5 million on the same basis. GAAP reported sales were 4.0% higher than the prior-year quarter's $27.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
EPS came in at $0.14. The three earnings estimates compiled by S&P Capital IQ averaged $0.10 per share. Non-GAAP EPS of $0.14 for Q2 were 30% lower than the prior-year quarter's $0.20 per share. GAAP EPS of $0.10 for Q2 were 29% lower than the prior-year quarter's $0.14 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the quarter, gross margin was 54.5%, 60 basis points better than the prior-year quarter. Operating margin was 11.8%, 540 basis points worse than the prior-year quarter. Net margin was 10.0%, 380 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $25.9 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $108.2 million. The average EPS estimate is $0.47.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 87 members out of 91 rating the stock outperform, and four members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Nova Measuring Instruments 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 Nova Measuring Instruments is buy, with an average price target of $11.33.
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