Emcore Corp Expected To Post A Loss Of 21 Cents A Share: Earnings Preview

EMCORE

06/02/2023 21:46

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 8. 
    * The Alhambra California-based  company is expected to
report  a
38.4% decrease in revenue to $26 million from $42.24 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on December 20 2022,
for the period ended December 31, was for revenue between $25.00
million and $27.00 million.
    * ​Refinitiv's mean analyst estimate for EMCORE Corp is for
a loss
of 21 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
$3.5​, above​ its last closing price of $1.35. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  0.17        0.17       0.14      Missed  -16.4
 ​​Sep.        0.19        0.20       0.17      Missed  -12.8
 30 2021                                                
 Jun. 30 2021  0.17        0.17       0.20      Beat    15.9​
 Mar. 31 2021  0.11        0.11       0.17      Beat    54.5
 Dec. 31 2020  0.08        0.08       0.11      Beat    32
 This summary was machine generated February 6 at 21:46 GMT.  All
figures in US dollars  unless otherwise stated