The 10-second takeaway
For the quarter ended Jan. 31 (Q3), OmniVision Technologies beat expectations on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share contracted to zero.
Margins shrank across the board.
OmniVision Technologies logged revenue of $185.2 million. The 10 analysts polled by S&P Capital IQ predicted sales of $175.5 million on the same basis. GAAP reported sales were 30% lower than the prior-year quarter's $265.7 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 $0.13. The 10 earnings estimates compiled by S&P Capital IQ anticipated $0.13 per share on the same basis. GAAP EPS dropped to zero from the prior-year quarter's $0.75.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 24.2%, 560 basis points worse than the prior-year quarter. Operating margin was 0.3%, 1,500 basis points worse than the prior-year quarter. Net margin was 0.1%, 1,670 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $205.0 million. On the bottom line, the average EPS estimate is $0.09.
Next year's average estimate for revenue is $884.2 million. The average EPS estimate is $1.46.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 843 members out of 888 rating the stock outperform, and 46 members rating it underperform. Among 218 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 209 give OmniVision Technologies a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OmniVision Technologies is hold, with an average price target of $13.83.
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