Advanced Semiconductor Engineering
The 10-second takeaway
For the quarter ended March 31 (Q1), Advanced Semiconductor Engineering met expectations on revenues and met expectations on earnings per share.
Compared with the prior-year quarter, revenue shrank and GAAP earnings per share dropped.
Margins dropped across the board.
Advanced Semiconductor Engineering recorded revenue of $1.46 billion. The 13 analysts polled by S&P Capital IQ predicted revenue of $1.46 billion on the same basis. GAAP reported sales were 6.5% lower than the prior-year quarter's $1.56 billion.
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 $0.05. The one earnings estimate compiled by S&P Capital IQ forecast $0.05 per share. GAAP EPS of $0.01 for Q1 were 50% lower than the prior-year quarter's $0.02 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 16.7%, 210 basis points worse than the prior-year quarter. Operating margin was 6.6%, 290 basis points worse than the prior-year quarter. Net margin was 4.8%, 380 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.67 billion. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $6.78 billion. The average EPS estimate is $0.40.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 260 members out of 278 rating the stock outperform, and 18 members rating it underperform. Among 49 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 45 give Advanced Semiconductor Engineering 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 Advanced Semiconductor Engineering is outperform, with an average price target of $5.40.
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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. He is the 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 don't 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.