We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Maxwell Technologies (MXWL) Q4 Loss Wider Than Expected
Read MoreHide Full Article
Maxwell Technologies, Inc. reported adjusted loss of 14 cents per share in fourth-quarter 2017, wider than the Zacks Consensus Estimate of a loss of 11 cents. On a year-over-year basis, the quarterly loss narrowed from the year-ago loss of 23 cents.
Excluding one-time items, the company incurred a loss of 24 cents per share, lower than the year-ago quarter’s loss of 38 cents.
For 2017, Maxwell Technologies reported adjusted loss of 65 cents per share, narrower than the loss of 67 cents in the prior year. The full-year adjusted earnings came in wider than the Zacks Consensus Estimate of a loss of 62 cents.
Revenues
Maxwell Technologies’ fourth-quarter revenues of $30.8 million missed the Zacks Consensus Estimate of $32 million by 3.4%. However, the top line improved 16.5% from the year-ago figure of $26.4 million.
For 2017, the company generated revenues worth $130.4 million, which once again lagged the Zacks Consensus Estimate of $134.03 million. Moreover, on a year-over-year basis, revenues improved 7.5 % from $121.2 million in the prior year.
While high voltage revenues dropped 27.4% in the quarter, ultracapacitor revenues improved 63.6%, resulting in an improvement in total revenues.
Operational Highlights
In the quarter under review, the company’s cost of revenues was $23.4 million, up 13% year over year.
Total operating expenses were $14.3 million (or 46.5% of revenues) compared with $15.6 million (or 59.1% of revenues) in the prior-year quarter.
Maxwell Technologies, Inc. Price, Consensus and EPS Surprise
As of Dec 31, 2017, Maxwell Technologies had cash and cash equivalents of $50.1 million compared with $25.4 million as of Dec 31, 2016.
As of Dec 31, 2017, long-term debt (excluding current portion) was $35.1 million compared with $0.04 million as of Dec 31, 2016.
Guidance
Maxwell Technologies anticipates total revenues in the range of $31-$33 million in first-quarter 2018 and adjusted net loss to be 12 cents per share. While adjusted gross margin is expected to be in the range of 26.5%, adjusted operating expenses are projected in the range of $12.6-$13 million.
TE Connectivity Ltd. (TEL - Free Report) reported fourth-quarter fiscal 2017 adjusted earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.25 by 12%.
Kemet Corporation (KEM - Free Report) reported fourth-quarter fiscal 2017 adjusted earnings of 52 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by 52.9%.
Gardner Denver Holdings, Inc. reported fourth-quarter fiscal 2017 adjusted earnings of 48 cents per share, which came in line with the Zacks Consensus Estimate.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Maxwell Technologies (MXWL) Q4 Loss Wider Than Expected
Maxwell Technologies, Inc. reported adjusted loss of 14 cents per share in fourth-quarter 2017, wider than the Zacks Consensus Estimate of a loss of 11 cents. On a year-over-year basis, the quarterly loss narrowed from the year-ago loss of 23 cents.
Excluding one-time items, the company incurred a loss of 24 cents per share, lower than the year-ago quarter’s loss of 38 cents.
For 2017, Maxwell Technologies reported adjusted loss of 65 cents per share, narrower than the loss of 67 cents in the prior year. The full-year adjusted earnings came in wider than the Zacks Consensus Estimate of a loss of 62 cents.
Revenues
Maxwell Technologies’ fourth-quarter revenues of $30.8 million missed the Zacks Consensus Estimate of $32 million by 3.4%. However, the top line improved 16.5% from the year-ago figure of $26.4 million.
For 2017, the company generated revenues worth $130.4 million, which once again lagged the Zacks Consensus Estimate of $134.03 million. Moreover, on a year-over-year basis, revenues improved 7.5 % from $121.2 million in the prior year.
While high voltage revenues dropped 27.4% in the quarter, ultracapacitor revenues improved 63.6%, resulting in an improvement in total revenues.
Operational Highlights
In the quarter under review, the company’s cost of revenues was $23.4 million, up 13% year over year.
Total operating expenses were $14.3 million (or 46.5% of revenues) compared with $15.6 million (or 59.1% of revenues) in the prior-year quarter.
Maxwell Technologies, Inc. Price, Consensus and EPS Surprise
Maxwell Technologies, Inc. Price, Consensus and EPS Surprise | Maxwell Technologies, Inc. Quote
Financial Condition
As of Dec 31, 2017, Maxwell Technologies had cash and cash equivalents of $50.1 million compared with $25.4 million as of Dec 31, 2016.
As of Dec 31, 2017, long-term debt (excluding current portion) was $35.1 million compared with $0.04 million as of Dec 31, 2016.
Guidance
Maxwell Technologies anticipates total revenues in the range of $31-$33 million in first-quarter 2018 and adjusted net loss to be 12 cents per share. While adjusted gross margin is expected to be in the range of 26.5%, adjusted operating expenses are projected in the range of $12.6-$13 million.
Zacks Rank
Maxwell Technologies carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Peer Releases
TE Connectivity Ltd. (TEL - Free Report) reported fourth-quarter fiscal 2017 adjusted earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.25 by 12%.
Kemet Corporation (KEM - Free Report) reported fourth-quarter fiscal 2017 adjusted earnings of 52 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by 52.9%.
Gardner Denver Holdings, Inc. reported fourth-quarter fiscal 2017 adjusted earnings of 48 cents per share, which came in line with the Zacks Consensus Estimate.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>