The Gory Details on Molex's Double Fumble

Molex (Nasdaq: MOLX  ) reported earnings on April 23. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended March 31 (Q3), Molex missed estimates on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue grew slightly. Non-GAAP earnings per share dropped. GAAP earnings per share contracted significantly.

Margins contracted across the board.

Revenue details
Molex reported revenue of $852.9 million. The 12 analysts polled by S&P Capital IQ expected a top line of $917.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.33. The 14 earnings estimates compiled by S&P Capital IQ anticipated $0.35 per share. Non-GAAP EPS of $0.33 for Q3 were 2.9% lower than the prior-year quarter's $0.34 per share. GAAP EPS of $0.25 for Q3 were 31% lower than the prior-year quarter's $0.36 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 29.1%, 140 basis points worse than the prior-year quarter. Operating margin was 9.5%, 140 basis points worse than the prior-year quarter. Net margin was 5.2%, 260 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $884.4 million. On the bottom line, the average EPS estimate is $0.36.

Next year's average estimate for revenue is $3.62 billion. The average EPS estimate is $1.48.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 132 members out of 147 rating the stock outperform, and 15 members rating it underperform. Among 44 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Molex a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Molex is hold, with an average price target of $27.95.

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