Emcore Corp Expected To Post A Loss Of 17 Cents A Share: Earnings Preview

EMCORE

25/11/2022 21:39

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a fall
in
quarterly revenue when it reports  results on November 28
(estimated). 
    * The Alhambra California-based  company is expected to
report  a
42.7% decrease in revenue to $25.194 million from $43.95 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on August 9
2022, for the period ended September 30, was for revenue between
$24.00 million and $26.00 million.
    * ​Refinitiv's mean analyst estimate for EMCORE Corp is for
a loss
of 17 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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​, above​ its last closing price of $1.45. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -0.13       -0.13      -0.17     Missed  -30.8
 Mar. 31 2022  0.03        0.03       -0.02     Missed  -161.5
 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.        0.17        0.17       0.20      Beat    15.9
 30 2021                                                
 Mar. 31 2021  0.11        0.11       0.17      Beat    54.5​
 Dec. 31 2020  0.08        0.08       0.11      Beat    32
 Sep. 30 2020  0.04        0.04       0.10      Beat    172.7
 This summary was machine generated November 25 at 21:39 GMT. 
All figures in US dollars  unless otherwise stated