IXYS Corp. (NASDAQ:IXYS) delivered a profit 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.
IXYS Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 86.36% to $0.03 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Decreased 23.26% to $66.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: IXYS Corp. reported adjusted EPS income of $0.03 per share. By that measure, the company missed the mean analyst estimate of $0.10. It beat the average revenue estimate of $65 million.
Quoting Management: “We are pleased to see our cash continue to grow to record levels despite economic challenges worldwide,” commented Dr. Nathan Zommer, Chairman and CEO. “During the year, we increased our focus on R&D and unified our global sales and marketing activities under the ‘World of IXYS’ campaign. We had a remarkable stream of more than 30 new product introductions that are well suited for our markets and are timely as we start to see the recovery of our business.”
Key Stats (on next page)…
Revenue increased 4.84% from $63.81 million in the previous quarter. EPS decreased 25% from $0.04 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.16 and has not changed. For the current year, the average estimate has moved up from a profit of $0.38 to a profit of $0.39 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)