The 10-second takeaway
For the quarter ended June 30 (Q2), Rubicon Technology beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share dropped to a loss.
Margins contracted across the board.
Rubicon Technology recorded revenue of $17.0 million. The 12 analysts polled by S&P Capital IQ expected a top line of $16.1 million on the same basis. GAAP reported sales were 60% lower than the prior-year quarter's $43.0 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 -$0.06. The 12 earnings estimates compiled by S&P Capital IQ predicted -$0.12 per share. GAAP EPS were -$0.06 for Q2 versus $0.41 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 0.1%, 6,310 basis points worse than the prior-year quarter. Operating margin was -18.2%, 7,250 basis points worse than the prior-year quarter. Net margin was -7.7%, 3,070 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $21.5 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $76.4 million. The average EPS estimate is -$0.11.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 158 members out of 192 rating the stock outperform, and 34 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 28 give Rubicon Technology a green thumbs-up, and 16 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Rubicon Technology is hold, with an average price target of $10.82.
- Add Rubicon Technology to My Watchlist.