MKS Instruments Earnings: Here’s Why Investors are Happy Now
MKS Instruments Inc. (NASDAQ:MKSI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0%.
MKS Instruments Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 83.72% to $0.07 in the quarter versus EPS of $0.43 in the year-earlier quarter.
Revenue: Decreased 25.81% to $141.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: MKS Instruments Inc. reported adjusted EPS income of $0.07 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $137.44 million.
Quoting Management: Leo Berlinghieri, Chief Executive Officer, said, “We are encouraged by the improvement we are seeing in the semiconductor market, however, near term we anticipate that business conditions for our other markets will remain challenging. We are optimistic about the longer term recovery, and are continuing to work closely with customers on design wins and make investments to position ourselves for long-term growth.
“Given current business levels, we anticipate that sales in the second quarter may range from $145 million to $165 million. At these volumes, our GAAP net income could range from $0.03 to $0.17 per diluted share and our Non-GAAP net earnings could range from $0.04 to $0.18 per diluted share.”
Key Stats (on next page)…
Revenue increased 5.83% from $133.8 million in the previous quarter. EPS decreased 30% from $0.10 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 profit of $0.15 to a profit $0.13. For the current year, the average estimate has moved up from a profit of $0.87 to a profit of $0.88 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)