Amtech Systems Inc. (NASDAQ:ASYS) had a loss and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.62%.
Amtech Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-1.27 in the quarter versus EPS of $-0.31 in the year-earlier quarter.
Revenue: Decreased 57.2% to $10.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Amtech Systems Inc. reported adjusted EPS loss of $1.27 per share. By that measure, the company missed the mean analyst estimate of $-0.34. It beat the average revenue estimate of $8.59 million.
Quoting Management: Mr. Fokko Pentinga, Chief Executive Officer of Amtech, commented, “Our healthy bookings for the quarter include a significant order for the Nexolon project in San Antonio, Texas, which we expect to ship in the first half of fiscal 2014. Obtaining the second customer for n-PASHA cell technology and a production order for our new PECVD system is a great milestone for Amtech, underscoring that Amtech is on the right technology path as the solar market progresses towards higher value solutions.”
Key Stats (on next page)…
Revenue increased 28.08% from $8.12 million in the previous quarter. EPS increased to $-1.27 in the quarter versus EPS of $-0.22 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.29 to a loss $0.32. For the current year, the average estimate has moved up from a loss of $1.32 to a loss of $1.17 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)