Emcore Corp Expected To Post A Loss Of 8 Cents A Share: Earnings Preview

EMCORE

08/12/2023 21:33

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a rise
in
quarterly revenue when it reports  results  for the period
ending June 30 2023
    * The Alhambra California-based  company is expected to
report a
2.8% increase in revenue to $26.275 million from $25.57 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on August 8 2023, for
the period ended September 30, was for revenue between $25.00
million and $27.00 million.
    * ​LSEG's mean analyst estimate for EMCORE Corp is for a
loss of 8
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
$2.18​, above​ its last closing price of $0.46. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 30 2022              -0.17      -0.29     Missed  -65.7
 ​​Jun.        -0.13       -0.13      -0.17     Missed  -30.8
 30 2022                                                
 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
 This summary was machine generated December 8 at 21:33 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)