Nova Measuring Instruments
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nova Measuring Instruments beat expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
Nova Measuring Instruments recorded revenue of $19.2 million. The one analyst polled by S&P Capital IQ anticipated net sales of $17.9 million on the same basis. GAAP reported sales were 29% lower than the prior-year quarter's $27.0 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 $0.18. The one earnings estimate compiled by S&P Capital IQ predicted $0.02 per share. GAAP EPS of $0.18 for Q4 were 36% lower than the prior-year quarter's $0.28 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 54.9%, 210 basis points worse than the prior-year quarter. Operating margin was 11.8%, 1,550 basis points worse than the prior-year quarter. Net margin was 25.9%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $22.0 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $103.6 million. The average EPS estimate is $0.63.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 105 members out of 107 rating the stock outperform, and two members rating it underperform. Among 14 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 13 give Nova Measuring Instruments a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Nova Measuring Instruments is buy, with an average price target of $10.00.
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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.