MEMC Electronic Materials
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), MEMC Electronic Materials beat expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP loss per share dropped.
Margins expanded across the board.
MEMC Electronic Materials logged revenue of $704.3 million. The 15 analysts polled by S&P Capital IQ expected sales of $668.9 million on the same basis. GAAP reported sales were 16% lower than the prior-year quarter's $717.8 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 $0.08. The 18 earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS were -$0.05 for Q4 against -$6.45 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 18.0%, 1,270 basis points better than the prior-year quarter. Operating margin was 4.1%, 1,360 basis points better than the prior-year quarter. Net margin was -2.0%, 20,480 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $565.5 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $2.91 billion. The average EPS estimate is $0.24.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 1,791 members out of 1,860 rating the stock outperform, and 69 members rating it underperform. Among 379 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 360 give MEMC Electronic Materials a green thumbs-up, and 19 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on MEMC Electronic Materials is hold, with an average price target of $4.26.
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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.