The 10-second takeaway
For the quarter ended March 31 (Q4), KEMET met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP loss per share grew. GAAP loss per share grew.
Gross margins expanded, operating margins dropped, net margins dropped.
KEMET notched revenue of $203.0 million. The six analysts polled by S&P Capital IQ expected sales of $201.6 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.22. The six earnings estimates compiled by S&P Capital IQ anticipated -$0.08 per share. Non-GAAP EPS were -$0.22 for Q4 versus -$0.16 per share for the prior-year quarter. GAAP EPS were -$0.53 for Q4 against -$0.26 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 13.4%, 50 basis points better than the prior-year quarter. Operating margin was -7.8%, 360 basis points worse than the prior-year quarter. Net margin was -11.8%, 620 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $215.8 million. On the bottom line, the average EPS estimate is $0.04.
Next year's average estimate for revenue is $880.7 million. The average EPS estimate is $0.37.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 116 members out of 122 rating the stock outperform, and six members rating it underperform. Among 24 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 22 give KEMET 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 KEMET is hold, with an average price target of $6.25.
If you're interested in companies like KEMET, you might want to check out the jaw-dropping technology that's about to put 100 million Chinese factory workers out on the street – and the 3 companies that control it. We'll tell you all about them in "The Future is Made in America." Click here for instant access to this free report.
- Add KEMET to My Watchlist.