Emcore Corp Expected To Post A Loss Of 2 Cents A Share: Earnings Preview

EMCORE

06/02/2024 22:17

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 8 for the
period ending December 31 2023
    * The Alhambra California-based  company is expected to
report a
8.2% increase in revenue to $27 million from $24.95 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on December 12 2023, for the
period ended December 31, was for revenue between $26.00 million
and $28.00 million.
    * ​LSEG's mean analyst estimate for EMCORE Corp is for a
loss of 2
cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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
$1.50​, above​ its last closing price of $0.65. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.04       -0.08      -0.03     Beat    60.9
 Jun. 30 2023  -0.13       -0.13      -0.13     Met     2.5
 Mar. 31 2023  -0.17       -0.17      -0.18     Missed  -4.3​
 Dec. 31 2022  -0.21       -0.21      -0.22     Missed  -4.8
 ​​Sep.                    -0.17      -0.29     Missed  -65.7
 30 2022                                                
 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
 This summary was machine generated February 6 at 22:16 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)