The 10-second takeaway
For the quarter ended March 31 (Q3), JDS Uniphase missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
JDS Uniphase reported revenue of $409.2 million. The 11 analysts polled by S&P Capital IQ predicted a top line of $420.3 million on the same basis. GAAP reported sales were 9.9% lower than the prior-year quarter's $454.0 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 $0.11. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.11 per share. GAAP EPS were -$0.08 for Q3 compared to $0.16 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 44.9%, 220 basis points worse than the prior-year quarter. Operating margin was -1.4%, 580 basis points worse than the prior-year quarter. Net margin was -4.3%, 1,280 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $429.1 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $1.67 billion. The average EPS estimate is $0.56.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 680 members out of 820 rating the stock outperform, and 140 members rating it underperform. Among 155 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 give JDS Uniphase a green thumbs-up, and 29 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on JDS Uniphase is outperform, with an average price target of $16.77.
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