The 10-second takeaway
For the quarter ended Sep. 30 (Q4), Multi-Fineline Electronix met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share contracted to zero.
Margins dropped across the board.
Multi-Fineline Electronix chalked up revenue of $201.6 million. The three analysts polled by S&P Capital IQ hoped for revenue of $200.1 million on the same basis. GAAP reported sales were 5.3% higher than the prior-year quarter's $191.5 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 $0.02. The two earnings estimates compiled by S&P Capital IQ predicted $0.00 per share. GAAP EPS shrank to zero from the prior-year quarter's $0.10.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 5.8%, 420 basis points worse than the prior-year quarter. Operating margin was 0.0%, 280 basis points worse than the prior-year quarter. Net margin was 0.0%, 120 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $270.8 million. On the bottom line, the average EPS estimate is $0.53.
Next year's average estimate for revenue is $1.03 billion. The average EPS estimate is $2.12.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 106 members out of 125 rating the stock outperform, and 19 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Multi-Fineline Electronix 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 Multi-Fineline Electronix is outperform, with an average price target of $31.00.
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