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

EMCORE

03/05/2023 03:07

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 4. 
    * The Alhambra California-based  company is expected to
report  a
15.5% decrease in revenue to $27.576 million from $32.65 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on February 8
2023, for the period ended March 31, was for revenue between
$27.00 million and $29.00 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 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 $1.07. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -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. 31 2022  0.03        0.03       -0.02     Missed  -161.5
 ​​Dec.        0.17        0.17       0.14      Missed  -16.4
 31 2021                                                
 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. 31 2021  0.11        0.11       0.17      Beat    54.5
 This summary was machine generated May 3 at 02:07 GMT.  All
figures in US dollars  unless otherwise stated