The 10-second takeaway
For the quarter ended June 30 (Q1), IXYS met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. GAAP earnings per share dropped significantly.
Margins dropped across the board.
IXYS chalked up revenue of $71.2 million. The two analysts polled by S&P Capital IQ wanted to see a top line of $70.8 million on the same basis. GAAP reported sales were 12% lower than the prior-year quarter's $80.9 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 $0.06. The two earnings estimates compiled by S&P Capital IQ predicted $0.13 per share. GAAP EPS of $0.06 for Q1 were 68% lower than the prior-year quarter's $0.19 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 29.7%, 390 basis points worse than the prior-year quarter. Operating margin was 4.4%, 640 basis points worse than the prior-year quarter. Net margin was 2.8%, 460 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $79.8 million. On the bottom line, the average EPS estimate is $0.20.
Next year's average estimate for revenue is $322.1 million. The average EPS estimate is $0.82.
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 58 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 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 $13.00.
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