RF Micro Devices
The 10-second takeaway
For the quarter ended March 30 (Q4), RF Micro Devices beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share grew. GAAP loss per share expanded.
Margins expanded across the board.
RF Micro Devices recorded revenue of $280.6 million. The 17 analysts polled by S&P Capital IQ hoped for revenue of $252.7 million on the same basis. GAAP reported sales were 49% higher than the prior-year quarter's $187.9 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 17 earnings estimates compiled by S&P Capital IQ forecast $0.05 per share. Non-GAAP EPS were $0.06 for Q4 compared to -$0.02 per share for the prior-year quarter. GAAP EPS were -$0.06 for Q4 compared to -$0.05 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 31.4%, 130 basis points better than the prior-year quarter. Operating margin was 0.6%, 720 basis points better than the prior-year quarter. Net margin was -5.7%, 120 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $267.0 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $1.13 billion. The average EPS estimate is $0.36.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 703 members out of 748 rating the stock outperform, and 45 members rating it underperform. Among 101 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give RF Micro Devices a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on RF Micro Devices is outperform, with an average price target of $6.28.
Is RF Micro Devices the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add RF Micro Devices to My Watchlist.