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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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.