The 10-second takeaway
For the quarter ended Dec. 28 (Q4), Intersil met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Intersil notched revenue of $137.5 million. The 18 analysts polled by S&P Capital IQ expected net sales of $138.2 million on the same basis. GAAP reported sales were 17% lower than the prior-year quarter's $165.8 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 $0.06. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.06 per share. GAAP EPS were -$0.17 for Q4 compared to $0.19 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 54.0%, 270 basis points worse than the prior-year quarter. Operating margin was -3.2%, 950 basis points worse than the prior-year quarter. Net margin was -15.9%, 3,040 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $138.6 million. On the bottom line, the average EPS estimate is $0.06.
Next year's average estimate for revenue is $599.6 million. The average EPS estimate is $0.40.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 144 members out of 157 rating the stock outperform, and 13 members rating it underperform. Among 52 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 49 give Intersil a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Intersil is hold, with an average price target of $7.45.
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