The 10-second takeaway
For the quarter ended March 31 (Q1), Maxwell Technologies missed estimates on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Margins grew across the board.
Maxwell Technologies tallied revenue of $39.2 million. The 12 analysts polled by S&P Capital IQ foresaw revenue of $40.4 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $35.3 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 $0.07. The seven earnings estimates compiled by S&P Capital IQ forecast $0.04 per share. GAAP EPS of $0.02 for Q1 were 100% higher than the prior-year quarter's $0.01 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 41.1%, 170 basis points better than the prior-year quarter. Operating margin was 3.2%, 340 basis points better than the prior-year quarter. Net margin was 1.3%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $46.6 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $199.2 million. The average EPS estimate is $0.55.
The stock has a three-star rating (out of five) at Motley Fool CAPS. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Maxwell Technologies a green thumbs-up, and 13 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Maxwell Technologies is outperform, with an average price target of $23.55.
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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.