The 10-second takeaway
For the quarter ended June 30 (Q2), Himax Technologies missed slightly on revenue and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly and GAAP earnings per share grew significantly.
Margins expanded across the board.
Himax Technologies reported revenue of $189.5 million. The two analysts polled by S&P Capital IQ looked for revenue of $192.4 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $160.6 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 $0.09. The two earnings estimates compiled by S&P Capital IQ forecast $0.09 per share. GAAP EPS of $0.09 for Q2 were 350% 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 23.1%, 450 basis points better than the prior-year quarter. Operating margin was 10.7%, 820 basis points better than the prior-year quarter. Net margin was 8.0%, 570 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $206.0 million. On the bottom line, the average EPS estimate is $0.05.
Next year's average estimate for revenue is $780.9 million. The average EPS estimate is $0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 860 members out of 889 rating the stock outperform, and 29 members rating it underperform. Among 174 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 167 give Himax Technologies a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Himax Technologies is buy, with an average price target of $3.50.
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