The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Himax Technologies met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP earnings per share grew significantly.
Margins grew across the board.
Himax Technologies notched revenue of $190.6 million. The three analysts polled by S&P Capital IQ looked for revenue of $190.9 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $169.2 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 $0.09. The two earnings estimates compiled by S&P Capital IQ averaged $0.08 per share. GAAP EPS of $0.08 for Q4 were 300% higher than the prior-year quarter's $0.02 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 23.3%, 120 basis points better than the prior-year quarter. Operating margin was 10.1%, 350 basis points better than the prior-year quarter. Net margin was 7.5%, 530 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $177.6 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $851.2 million. The average EPS estimate is $0.36.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 850 members out of 878 rating the stock outperform, and 28 members rating it underperform. Among 192 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 188 give Himax Technologies 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 Himax Technologies is buy, with an average price target of $3.62.
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