The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Himax Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share grew.
Margins increased across the board.
Himax Technologies reported revenue of $190.4 million. The two analysts polled by S&P Capital IQ looked for revenue of $189.6 million on the same basis. GAAP reported sales were 17% higher than the prior-year quarter's $162.1 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 $0.10. The two earnings estimates compiled by S&P Capital IQ averaged $0.07 per share. GAAP EPS of $0.06 for Q3 were much higher than the prior-year quarter's $0.00 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 23.3%, 480 basis points better than the prior-year quarter. Operating margin was 6.9%, 720 basis points better than the prior-year quarter. Net margin was 5.5%, 510 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $196.5 million. On the bottom line, the average EPS estimate is $0.08.
Next year's average estimate for revenue is $742.2 million. The average EPS estimate is $0.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 861 members out of 891 rating the stock outperform, and 30 members rating it underperform. Among 179 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Himax Technologies a green thumbs-up, and four 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.
Can your retirement portfolio provide you with enough income to last? You'll need more than Himax Technologies. Learn about crafting a smarter retirement plan in "The Shocking Can't-Miss Truth About Your Retirement." Click here for instant access to this free report.
- Add Himax Technologies to My Watchlist.
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. The Motley Fool has no positions in the stocks mentioned above. 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.