OCZ Technology Group
The 10-second takeaway
For the quarter ended Nov. 30 (Q3), OCZ Technology Group beat slightly on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and earnings per share dropped.
Margins increased across the board.
OCZ Technology Group recorded revenue of $78 million. The 10 analysts polled by S&P Capital IQ wanted to see a top line of $77 million. Sales were 94% higher than the prior-year quarter's $38 million
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at -$0.03. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.03 per share on the same basis. GAAP EPS were -$0.02 for Q2 against -$0.29 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 22.5%, 530 basis points better than the prior-year quarter. Operating margin was 2.3%, 750 basis points better than the prior-year quarter. Net margin was -0.9%, 1,480 basis points better than the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods.
What does the future hold?
Next quarter's average estimate for revenue is $99 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $358 million. The average EPS estimate is $0.14.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 96 members out of 103 rating the stock outperform, and eight members rating it underperform. Among 18 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give OCZ Technology Group 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 OCZ Technology Group is outperform, with an average price target of $11.68.
- Add OCZ Technology Group to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.