The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Himax Technologies beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins dropped, and net margins shrank.
Himax Technologies recorded revenue of $169.2 million. The two analysts polled by S&P Capital IQ looked for revenue of $160.2 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $141.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.02. The two earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.02 for Q4 were 67% lower than the prior-year quarter's $0.06 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.1%, 60 basis points better than the prior-year quarter. Operating margin was 6.6%, 250 basis points worse than the prior-year quarter. Net margin was 2.2%, 610 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $152.7 million. On the bottom line, the average EPS estimate is $0.03.
Next year's average estimate for revenue is $697.4 million. The average EPS estimate is $0.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 879 members out of 906 rating the stock outperform, and 27 members rating it underperform. Among 226 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 222 give Himax Technologies a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Himax Technologies is outperform, with an average price target of $1.35.
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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.