The 10-second takeaway
For the quarter ended April 30 (Q4), OmniVision Technologies 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 significantly. GAAP earnings per share expanded significantly.
Gross margins contracted, operating margins grew, net margins grew.
OmniVision Technologies reported revenue of $336.2 million. The 12 analysts polled by S&P Capital IQ looked for revenue of $319.0 million on the same basis. GAAP reported sales were 54% higher than the prior-year quarter's $218.5 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 $0.31. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.21 per share. Non-GAAP EPS of $0.31 for Q4 were 55% higher than the prior-year quarter's $0.20 per share. GAAP EPS of $0.17 for Q4 were 240% higher than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 17.5%, 500 basis points worse than the prior-year quarter. Operating margin was 3.5%, 190 basis points better than the prior-year quarter. Net margin was 2.7%, 150 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $375.9 million. On the bottom line, the average EPS estimate is $0.43.
Next year's average estimate for revenue is $1.57 billion. The average EPS estimate is $1.77.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 838 members out of 885 rating the stock outperform, and 47 members rating it underperform. Among 180 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 169 give OmniVision Technologies a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on OmniVision Technologies is outperform, with an average price target of $20.95.
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