IXYS (Nasdaq: IXYS) reported earnings on May 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), IXYS beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share contracted significantly. GAAP earnings per share contracted to a loss.
Margins dropped across the board.
Revenue details
IXYS logged revenue of $66.9 million. The two analysts polled by S&P Capital IQ expected revenue of $65.8 million on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $87.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.03. The two earnings estimates compiled by S&P Capital IQ forecast $0.10 per share. Non-GAAP EPS of $0.03 for Q4 were 86% lower than the prior-year quarter's $0.22 per share. GAAP EPS were -$0.06 for Q4 against $0.11 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 27.1%, 500 basis points worse than the prior-year quarter. Operating margin was 1.1%, 800 basis points worse than the prior-year quarter. Net margin was -2.8%, 710 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $72.3 million. On the bottom line, the average EPS estimate is $0.13.
Next year's average estimate for revenue is $333.6 million. The average EPS estimate is $0.83.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 332 members out of 341 rating the stock outperform, and nine members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 56 give IXYS a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on IXYS is buy, with an average price target of $10.00.
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