The 10-second takeaway
For the quarter ended March 31 (Q1), Silicon Image beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP loss per share shrank.
Margins increased across the board.
Silicon Image reported revenue of $62.0 million. The six analysts polled by S&P Capital IQ predicted sales of $60.2 million on the same basis. GAAP reported sales were 13% higher than the prior-year quarter's $55.0 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 -$0.01. The six earnings estimates compiled by S&P Capital IQ forecast $0.00 per share. GAAP EPS were -$0.01 for Q1 versus -$0.12 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 58.0%, 20 basis points better than the prior-year quarter. Operating margin was 1.2%, much better than the prior-year quarter. Net margin was -0.9%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $71.6 million. On the bottom line, the average EPS estimate is $0.07.
Next year's average estimate for revenue is $291.8 million. The average EPS estimate is $0.31.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 684 members out of 718 rating the stock outperform, and 34 members rating it underperform. Among 119 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 112 give Silicon Image a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Silicon Image is buy, with an average price target of $7.67.
Is Silicon Image 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 Silicon Image 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.