The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Volterra Semiconductor beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share dropped significantly.
Margins shrank across the board.
Volterra Semiconductor reported revenue of $40.3 million. The 12 analysts polled by S&P Capital IQ wanted to see sales of $39.4 million on the same basis. GAAP reported sales were 3.8% higher than the prior-year quarter's $38.8 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 $0.28. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.26 per share. GAAP EPS of $0.18 for Q4 were 18% lower than the prior-year quarter's $0.22 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 57.3%, 100 basis points worse than the prior-year quarter. Operating margin was 13.5%, 270 basis points worse than the prior-year quarter. Net margin was 11.4%, 330 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $40.4 million. On the bottom line, the average EPS estimate is $0.26.
Next year's average estimate for revenue is $179.1 million. The average EPS estimate is $1.31.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 104 members out of 119 rating the stock outperform, and 15 members rating it underperform. Among 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give Volterra Semiconductor 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 Volterra Semiconductor is outperform, with an average price target of $24.35.
Is Volterra Semiconductor the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Volterra Semiconductor 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 position in any of the stocks mentioned. 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.