The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ultratech missed on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly, and earnings per share increased significantly.
Margins increased across the board.
Ultratech reported revenue of $56.1 million. The three analysts polled by S&P Capital IQ anticipated revenue of $58.8 million. Sales were 29% higher than the prior-year quarter's $43.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.42. The three earnings estimates compiled by S&P Capital IQ predicted $0.41 per share. GAAP EPS of $0.42 for Q4 were 68% higher than the prior-year quarter's $0.25 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 53.0%, 160 basis points better than the prior-year quarter. Operating margin was 24.2%, 810 basis points better than the prior-year quarter. Net margin was 19.9%, 540 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $39.1 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $189.6 million. The average EPS estimate is $1.10.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 113 members out of 226 rating the stock outperform, and 113 members rating it underperform. Among 73 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Ultratech a green thumbs-up, and 51 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Ultratech is buy, with an average price target of $24.67.
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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.