Micrel (NAS: MCRL) reported earnings on July 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Micrel missed estimates on revenues and beat expectations on earnings per share.

Compared with the prior-year quarter, revenue dropped and GAAP earnings per share shrank significantly.


Margins dropped across the board.

Revenue details
Micrel notched revenue of $63.7 million. The two analysts polled by S&P Capital IQ wanted to see revenue of $65.4 million on the same basis. GAAP reported sales were 7.0% lower than the prior-year quarter's $68.5 million.

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 $0.12. The two earnings estimates compiled by S&P Capital IQ predicted $0.11 per share. GAAP EPS of $0.10 for Q2 were 41% lower than the prior-year quarter's $0.17 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 55.2%, 310 basis points worse than the prior-year quarter. Operating margin was 14.2%, 920 basis points worse than the prior-year quarter. Net margin was 9.5%, 610 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $68.7 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $267.7 million. The average EPS estimate is $0.51.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 113 members out of 119 rating the stock outperform, and six members rating it underperform. Among 32 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give Micrel 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 Micrel is outperform, with an average price target of $17.00.

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The article Micrel Beats on EPS, but GAAP Results Lag originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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