Coming Soon: FormFactor Earnings

Checking expectations

Seth Jayson
Seth Jayson
Apr 29, 2013 at 12:00AM
Other

FormFactor (Nasdaq: FORM) is expected to report Q1 earnings on May 1. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict FormFactor's revenues will grow 48.5% and EPS will remain in the red.

The average estimate for revenue is $51.7 million. On the bottom line, the average EPS estimate is -$0.18.

Revenue details
Last quarter, FormFactor logged revenue of $47.7 million. GAAP reported sales were 58% higher than the prior-year quarter's $30.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.25. GAAP EPS were $0.01 for Q4 against -$0.54 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was -6.6%, 720 basis points better than the prior-year quarter. Operating margin was -54.7%, much better than the prior-year quarter. Net margin was 1.3%, much better than the prior-year quarter.

Looking ahead


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The full year's average estimate for revenue is $249.8 million. The average EPS estimate is -$0.28.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,326 members out of 1,366 rating the stock outperform, and 40 members rating it underperform. Among 370 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 361 give FormFactor a green thumbs-up, and nine give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on FormFactor is outperform, with an average price target of $6.87.

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