Emcore Corp Expected To Post Earnings Of 11 Cents A Share: Earnings Preview

EMCORE

03/05/2021 22:37

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a rise in
quarterly revenue when it reports results on May 5.
* The Alhambra, California-based company is expected to report
 a 51.5% increase in revenue to $36.133 million from $23.85
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data.​​
​* Refinitiv's mean analyst estimate for EMCORE Corp is for
earnings of 11 cents per share. For the same quarter last year,
the company reported a loss of 13 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
$8​, about 22% above​ its last closing price of $6.24. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.08        0.08       0.11      Beat    32
 Sep. 30 2020  0.04        0.04       0.10      Beat    172.7
 Jun. 30 2020  -0.08       -0.09      -0.03     Beat    65.4​
 Mar. 31 2020  -0.10       -0.10      -0.13     Missed  -30
 Dec.          -0.19​      -0.19      -0.06     Beat    68.4​
 31​ 2019​                                              
 Sep. 30 2019  -0.15       -0.15      -0.27     Missed  -80​
 Jun. 30 2019  -0.14       -0.14      -0.18     Missed  -28.6
 Mar. 31 2019  -0.10       -0.10      -0.07     Beat    27.6
 This summary was machine generated May 3 at 21:37 GMT.  All
figures in US dollars unless otherwise stated