The 10-second takeaway
For the quarter ended March 31 (Q1), Aixtron SE whiffed on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Aixtron SE reported revenue of $56.0 million. The 20 analysts polled by S&P Capital IQ expected revenue of $74.6 million on the same basis. GAAP reported sales were 81% lower than the prior-year quarter's $291.3 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 -$0.16. The three earnings estimates compiled by S&P Capital IQ averaged -$0.08 per share. GAAP EPS were -$0.16 for Q1 against $0.72 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 24.5%, 2,620 basis points worse than the prior-year quarter. Operating margin was -43.5%, 7,840 basis points worse than the prior-year quarter. Net margin was -29.3%, 5,480 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $89.8 million. On the bottom line, the average EPS estimate is -$0.05.
Next year's average estimate for revenue is $391.3 million. The average EPS estimate is -$0.02.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 214 members out of 243 rating the stock outperform, and 29 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give Aixtron SE a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aixtron SE is hold, with an average price target of $14.44.
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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.