Kulicke and Soffa Industries
The 10-second takeaway
For the quarter ended Dec. 29 (Q1), Kulicke and Soffa Industries beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Kulicke and Soffa Industries reported revenue of $114.0 million. The three analysts polled by S&P Capital IQ looked for sales of $107.2 million on the same basis. GAAP reported sales were 5.0% lower than the prior-year quarter's $120.0 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 three earnings estimates compiled by S&P Capital IQ averaged $0.12 per share. GAAP EPS of $0.05 for Q1 were 55% lower than the prior-year quarter's $0.11 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 45.2%, 90 basis points worse than the prior-year quarter. Operating margin was 4.3%, 600 basis points worse than the prior-year quarter. Net margin was 3.2%, 390 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $127.0 million. On the bottom line, the average EPS estimate is $0.21.
Next year's average estimate for revenue is $633.4 million. The average EPS estimate is $1.42.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 331 members out of 344 rating the stock outperform, and 13 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Kulicke and Soffa Industries a green thumbs-up, and give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kulicke and Soffa Industries is outperform, with an average price target of $15.00.
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