For its fiscal third quarter OmniVision posted earnings of 69 cents a share, beating analysts' estimates of 35 cents a share by 34 cents. Revenue fell 16.9% from the year ago quarter to $352 million, but still beat analyst estimates of $326.6 million.
For its fiscal fourth quarter the company expects earnings between 19 cents and 35 cents a share, compared to analyst estimates of 22 cents a share. OmniVision expects revenue between $275 million and $305 million for the quarter. Analysts estimate the company will see revenue of $284.3 million in the coming quarter.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Semiconductors & Semiconductor Equipment industry. The net income increased by 154.3% when compared to the same quarter one year prior, rising from $10.35 million to $26.30 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 5.9%. Since the same quarter one year prior, revenues slightly increased by 1.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- OMNIVISION TECHNOLOGIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, OMNIVISION TECHNOLOGIES INC reported lower earnings of $0.80 versus $1.08 in the prior year. This year, the market expects an improvement in earnings ($1.71 versus $0.80).
- Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, OMNIVISION TECHNOLOGIES INC's return on equity is below that of both the industry average and the S&P 500.
- The gross profit margin for OMNIVISION TECHNOLOGIES INC is rather low; currently it is at 20.32%. Regardless of OVTI's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, OVTI's net profit margin of 6.62% is significantly lower than the industry average.
- You can view the full analysis from the report here: OVTI Ratings Report
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV