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

EMCORE

02/08/2021 23:47

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a rise in
quarterly revenue when it reports results on August 4. 
* The Alhambra, California-based company is expected to report 
 a 50.7% increase in revenue to $41.076 million from $27.27
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for EMCORE Corp is for
earnings of 17 cents per share. For the same quarter last year,
the company reported a loss of 3 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
$12.5​, about 31% above​ its last closing price of $8.63. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.11        0.11       0.17      Beat    54.5
 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.          -0.10​      -0.10      -0.13     Missed  -30​
 31​ 2020​                                              
 Dec. 31 2019  -0.19       -0.19      -0.06     Beat    68.4​
 Sep. 30 2019  -0.15       -0.15      -0.27     Missed  -80
 Jun. 30 2019  -0.14       -0.14      -0.18     Missed  -28.6
 This summary was machine generated August 2 at 22:47 GMT.  All
figures in US dollars unless otherwise stated