The 10-second takeaway
For the quarter ended Dec. 31 (Q4), FEI met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share didn't change.
Gross margins grew, operating margins grew, net margins dropped.
FEI reported revenue of $230.9 million. The 12 analysts polled by S&P Capital IQ predicted sales of $229.1 million on the same basis. GAAP reported sales were 8.4% higher than the prior-year quarter's $213.0 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 $0.77. The eight earnings estimates compiled by S&P Capital IQ averaged $0.73 per share. GAAP EPS of $0.72 were the same as 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 47.2%, 280 basis points better than the prior-year quarter. Operating margin was 17.1%, 180 basis points better than the prior-year quarter. Net margin was 12.9%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $227.6 million. On the bottom line, the average EPS estimate is $0.71.
Next year's average estimate for revenue is $941.1 million. The average EPS estimate is $3.13.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 268 members out of 278 rating the stock outperform, and 10 members rating it underperform. Among 76 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 give FEI a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FEI is outperform, with an average price target of $59.56.
Looking for alternatives to FEI? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add FEI 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 recommends FEI. 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.