The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nanometrics beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped slightly and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Nanometrics booked revenue of $45.3 million. The six analysts polled by S&P Capital IQ looked for revenue of $41.7 million. GAAP sales were 1.8% lower than the prior-year quarter's $46.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.08. The five earnings estimates compiled by S&P Capital IQ averaged $0.01 per share on the same basis. GAAP EPS were -$0.02 for Q4 compared to $1.12 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.6%, 610 basis points worse than the prior-year quarter. Operating margin was 4.4%, 1,440 basis points worse than the prior-year quarter. Net margin was -1.2%, 5,780 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $50.1 million. On the bottom line, the average EPS estimate is $0.11.
Next year's average estimate for revenue is $234.1 million. The average EPS estimate is $1.09.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nanometrics is outperform, with an average price target of $21.00.
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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.