The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Lattice Semiconductor met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew, and earnings per share improved significantly.
Gross margins dropped, operating margins shrank, net margins improved.
Lattice Semiconductor tallied revenue of $81.7 million. The five analysts polled by S&P Capital IQ predicted sales of $82.9 million. Sales were 4.0% lower than the prior-year quarter's $77.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.14. The three earnings estimates compiled by S&P Capital IQ forecast $0.13 per share on the same basis. GAAP EPS of $0.34 for Q3 were 182% higher than the prior-year quarter's $0.12 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 57.7%, 500 basis points worse than the prior-year quarter. Operating margin was 10.3%, 810 basis points worse than the prior-year quarter. Net margin was 58.4%, 3,940 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $69.0 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $317.1 million. The average EPS estimate is $0.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 124 members out of 140 rating the stock outperform, and 16 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Lattice Semiconductor a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lattice Semiconductor is outperform, with an average price target of $7.80.
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