The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Cohu beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Cohu chalked up revenue of $66.6 million. The two analysts polled by S&P Capital IQ expected to see sales of $65.1 million. Sales were 31% lower than the prior-year quarter's $96.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.03. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.03 for Q4 were 92% lower than the prior-year quarter's $0.39 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 32.2%, 130 basis points worse than the prior-year quarter. Operating margin was 1.8%, 900 basis points worse than the prior-year quarter. Net margin was 1.1%, 860 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $63.5 million. On the bottom line, the average EPS estimate is $0.02.
Next year's average estimate for revenue is $288.3 million. The average EPS estimate is $0.47.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 53 members out of 59 rating the stock outperform, and six members rating it underperform. Among 23 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give Cohu a green thumbs-up, and one give it a red thumbs-down.
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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.
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