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

EMCORE

28/01/2022 21:40

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a rise
in
quarterly revenue when it reports  results on February 1
(estimated). 
    * The Alhambra California-based  company is expected to
report  a
26.1% increase in revenue to $42.158 million from $33.43 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 earnings of 11 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
$13.5​, about 59.4% above​ its last closing price of $5.48. ​​​
    * 

This summary was machine generated January 28 at 21:40 GMT.  All
figures in US dollars  unless otherwise stated