Intevac Inc. Stock Downgraded (IVAC)
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Computers & Peripherals industry. The net income has significantly decreased by 146.4% when compared to the same quarter one year ago, falling from $13.18 million to -$6.12 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Computers & Peripherals industry and the overall market, INTEVAC INC's return on equity significantly trails that of both the industry average and the S&P 500.
- The share price of INTEVAC INC has not done very well: it is down 20.30% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter. The fact that the stock is now selling for less than others in its industry in relation to its current earnings is not reason enough to justify a buy rating at this time.
- INTEVAC INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, INTEVAC INC turned its bottom line around by earning $1.23 versus -$0.45 in the prior year. For the next year, the market is expecting a contraction of 167.9% in earnings (-$0.84 versus $1.23).
- IVAC, with its very weak revenue results, has greatly underperformed against the industry average of 38.1%. Since the same quarter one year prior, revenues plummeted by 70.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
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