Nova Measuring Instruments
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Nova Measuring Instruments beat expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank significantly.
Margins shrank across the board.
Nova Measuring Instruments recorded revenue of $22.1 million. The three analysts polled by S&P Capital IQ foresaw revenue of $20.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $19.2 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 $0.04. The three earnings estimates compiled by S&P Capital IQ averaged $0.04 per share. Non-GAAP EPS of $0.04 for Q4 were 78% lower than the prior-year quarter's $0.18 per share. GAAP EPS of $0.09 for Q4 were 50% lower than the prior-year quarter's $0.18 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 50.1%, 480 basis points worse than the prior-year quarter. Operating margin was -1.6%, 1,340 basis points worse than the prior-year quarter. Net margin was 11.2%, 1,470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $23.5 million. On the bottom line, the average EPS estimate is $0.10.
Next year's average estimate for revenue is $100.9 million. The average EPS estimate is $0.58.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 90 members out of 94 rating the stock outperform, and four members rating it underperform. Among 12 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 11 give Nova Measuring Instruments 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 Nova Measuring Instruments is buy, with an average price target of $11.00.
Is Nova Measuring Instruments your best play in technology? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.
- Add Nova Measuring Instruments 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 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.