Coherent Corp expected to post earnings of 61 cents a share - Earnings Preview

Coherent

04/11/2024 21:44

* Coherent Corp  COHR.N   COHR.K  is expected to show a rise
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Saxonburg Pennsylvania-based  company is expected to
report
a 24.6% increase in revenue to $1.312 billion from $1.05 billion
a year ago, according to the mean estimate from 16 analysts,
based on LSEG data.The company's guidance on August 15 2024, for
the period ended September 30, was for revenue between $1.27
billion and $1.35 billion.
    * ​LSEG's mean analyst estimate for Coherent Corp is for
earnings
of 61 cents per share. The company's EPS guidance on August 15
2024, for the period ended September 30, was between $0.53 and
$0.69 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Coherent
Corp is
97.50​, above​ its last closing price of $92.28. ​​​

The company's guidance on August 15 2024 for the period ended
September 30 was for gross profit margin between USD36% and
USD38%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.60        0.60       0.61      Beat    2.5
 Mar. 31 2024  0.42        0.42       0.53      Beat    25.6
 Dec. 31 2023  0.25        0.26       0.36      Beat    39.9​
 Sep. 30 2023  0.11        0.12       0.16      Beat    32.9
 ​​Jun.        0.38        0.38       0.41      Beat    8.8
 30 2023                                                
 Mar. 31 2023  0.82        0.82       0.58      Missed  -29.2​
 Dec. 31 2022  0.93        0.93       0.95      Beat    2.1
 Sep. 30 2022  0.83        0.83       1.04      Beat    25
 This summary was machine generated November 4 at 21:44 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)