The 10-second takeaway
For the quarter ended March 31 (Q3), Molex met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share contracted.
Gross margins improved, operating margins dropped, net margins were steady.
Molex reported revenue of $837.1 million. The 12 analysts polled by S&P Capital IQ anticipated sales of $845.3 million on the same basis. GAAP reported sales were 4.3% lower than the prior-year quarter's $874.5 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 $0.34. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.34 per share on the same basis. GAAP EPS of $0.36 for Q3 were 7.7% lower than the prior-year quarter's $0.39 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 30.5%, 70 basis points better than the prior-year quarter. Operating margin was 10.9%, 70 basis points worse than the prior-year quarter. Net margin was 7.8%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $898.8 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $3.54 billion. The average EPS estimate is $1.59.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 133 members out of 147 rating the stock outperform, and 14 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Molex a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Molex is hold, with an average price target of $27.45.
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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.