Semiconductor Manufacturing International
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Semiconductor Manufacturing International beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share increased to zero.
Margins increased across the board.
Semiconductor Manufacturing International reported revenue of $485.9 million. The five analysts polled by S&P Capital IQ predicted revenue of $464.9 million on the same basis. GAAP reported sales were 68% higher than the prior-year quarter's $289.6 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 one earnings estimate compiled by S&P Capital IQ averaged $0.01 per share. GAAP EPS dropped to zero from the prior-year quarter's -$0.01.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.9%, 2,730 basis points better than the prior-year quarter. Operating margin was 10.9%, 4,160 basis points better than the prior-year quarter. Net margin was 8.2%, 6,520 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $446.0 million.
Next year's average estimate for revenue is $1.90 billion. The average EPS estimate is $0.07.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 80 members out of 102 rating the stock outperform, and 22 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 21 give Semiconductor Manufacturing International a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Semiconductor Manufacturing International is outperform, with an average price target of $2.43.
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