The 10-second takeaway
For the quarter ended March 30 (Q1), Intersil met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Intersil logged revenue of $156.0 million. The 18 analysts polled by S&P Capital IQ predicted a top line of $156.6 million on the same basis. GAAP reported sales were 22% lower than the prior-year quarter's $198.9 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 $0.06. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.07 per share on the same basis. GAAP EPS were -$0.03 for Q1 compared to $0.11 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 54.6%, 320 basis points worse than the prior-year quarter. Operating margin was -0.4%, 1,220 basis points worse than the prior-year quarter. Net margin was -2.1%, 920 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $169.1 million. On the bottom line, the average EPS estimate is $0.12.
Next year's average estimate for revenue is $697.2 million. The average EPS estimate is $0.54.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 173 members out of 192 rating the stock outperform, and 19 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 36 give Intersil 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 Intersil is hold, with an average price target of $11.62.
Can your retirement portfolio provide you with enough income to last? You'll need more than Intersil. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Intersil to My Watchlist.
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.