The 10-second takeaway
For the quarter ended March 30 (Q1), Entegris met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share contracted. GAAP earnings per share dropped.
Margins dropped across the board.
Entegris logged revenue of $165.1 million. The eight analysts polled by S&P Capital IQ expected to see revenue of $165.9 million on the same basis. GAAP reported sales were 5.9% lower than the prior-year quarter's $175.4 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 $0.13. The 10 earnings estimates compiled by S&P Capital IQ predicted $0.10 per share. Non-GAAP EPS of $0.13 for Q1 were 7.1% lower than the prior-year quarter's $0.14 per share. GAAP EPS of $0.12 for Q1 were 7.7% lower than the prior-year quarter's $0.13 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 40.7%, 280 basis points worse than the prior-year quarter. Operating margin was 12.3%, 300 basis points worse than the prior-year quarter. Net margin was 9.9%, 30 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $175.9 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $730.2 million. The average EPS estimate is $0.58.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 138 members out of 152 rating the stock outperform, and 14 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Entegris a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Entegris is outperform, with an average price target of $11.69.
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