The 10-second takeaway
For the quarter ended March 31 (Q1), Himax Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share grew significantly.
Margins improved across the board.
Himax Technologies chalked up revenue of $166.7 million. The one analyst polled by S&P Capital IQ wanted to see sales of $166.7 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $141.1 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 $0.07. The one earnings estimate compiled by S&P Capital IQ predicted $0.06 per share. GAAP EPS of $65.77 for Q1 were much higher 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 22.9%, 280 basis points better than the prior-year quarter. Operating margin was 8.7%, 650 basis points better than the prior-year quarter. Net margin was 6.8%, 490 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $177.1 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $727.0 million. The average EPS estimate is $0.28.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 868 members out of 897 rating the stock outperform, and 29 members rating it underperform. Among 182 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 176 give Himax Technologies 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 Himax Technologies is outperform, with an average price target of $1.90.
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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.