Ultra Clean Misses Q4 EPS by 4.35%, Revenue Falls 10% to $506.6M
Ultra Clean Holdings reported adjusted Q4 EPS of $0.22, missing consensus by 4.35% and down 57% from $0.51 a year ago. Revenue declined 10% to $506.6 million, slipping 0.22% below estimates as the chipmaking equipment services provider topped consensus only twice in the past four quarters.
1. Q4 Earnings Miss
Ultra Clean reported adjusted Q4 EPS of $0.22 per share, missing the consensus estimate by 4.35% and falling 57% from $0.51 a year ago.
2. Revenue Performance
Revenues totaled $506.6 million, down 10% year-over-year and 0.22% below consensus forecasts for the quarter.
3. Historical Estimate Trends
The company has outperformed consensus on EPS only once in the past four quarters and on revenues twice, after delivering a +16.7% earnings surprise in the prior period.
4. Outlook and Market Reaction
Shares have climbed nearly 134% year-to-date, while the consensus outlook for next quarter stands at $0.27 EPS on $511.2 million in revenues and the industry sits in the bottom 21% of peers.