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

EMCORE

04/08/2023 23:02

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 8. 
    * The Alhambra California-based  company is expected to
report  a
9.9% increase in revenue to $26.025 million from $23.68 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on May 4 2023,
for the period ended June 30, was for revenue between $25.00
million and $27.00 million.
    * ​Refinitiv's mean analyst estimate for EMCORE Corp is for
a loss
of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"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
$2.5​, above​ its last closing price of $0.66. ​​​

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 2023  -0.17       -0.17      -0.18     Missed  -4.3
 Dec. 31 2023  -0.21       -0.21      -0.22     Missed  -4.8
 Sep. 30 2022              -0.17      -0.29     Missed  -65.7​
 Jun. 30 2022  -0.13       -0.13      -0.17     Missed  -30.8
 ​​Mar.        0.03        0.03       -0.02     Missed  -161.5
 31 2022                                                
 Dec. 31 2021  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
 This summary was machine generated August 4 at 22:02 GMT.  All
figures in US dollars  unless otherwise stated