Emcore Corp Expected To Post A Loss Of 13 Cents A Share: Earnings Preview

EMCORE

29/07/2022 23:41

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 9. 
    * The Alhambra California-based  company is expected to
report  a
39.7% decrease in revenue to $25.713 million from $42.66 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for EMCORE Corp is for
a loss
of 13 cents per share. For the same quarter last year, the
company reported earnings of 20 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 EMCORE Corp
is
$4.75​, above​ its last closing price of $3.20. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  0.03        0.03       -0.02     Missed  -161.5
 Dec. 31 2022  0.17        0.17       0.14      Missed  -16.4
 Sep. 30 2021  0.19        0.20       0.17      Missed  -12.8​
 Jun. 30 2021  0.17        0.17       0.20      Beat    15.9
 ​​Mar.        0.11        0.11       0.17      Beat    54.5
 31 2021                                                
 Dec. 31 2020  0.08        0.08       0.11      Beat    32​
 Sep. 30 2020  0.04        0.04       0.10      Beat    172.7
 Jun. 30 2020  -0.08       -0.09      -0.03     Beat    65.4
 This summary was machine generated July 29 at 22:41 GMT.  All
figures in US dollars  unless otherwise stated