The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Multi-Fineline Electronix met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank slightly and GAAP earnings per share dropped.
Margins dropped across the board.
Multi-Fineline Electronix logged revenue of $239.3 million. The two analysts polled by S&P Capital IQ looked for sales of $239.2 million. Sales were 0.8% lower than the prior-year quarter's $241.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.53. The three earnings estimates compiled by S&P Capital IQ forecast $0.47 per share on the same basis. GAAP EPS of $0.56 for Q1 were 9.7% lower than the prior-year quarter's $0.62 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 12.2%, 210 basis points worse than the prior-year quarter. Operating margin was 6.5%, 150 basis points worse than the prior-year quarter. Net margin was 5.7%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $213.8 million. On the bottom line, the average EPS estimate is $0.34.
Next year's average estimate for revenue is $920.0 million. The average EPS estimate is $1.77.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 111 members out of 131 rating the stock outperform, and 20 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 31 give Multi-Fineline Electronix a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Multi-Fineline Electronix is outperform, with an average price target of $25.50.
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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.