Emcore Corp Expected To Post Earnings Of 3 Cents A Share: Earnings Preview

EMCORE

03/05/2022 03:03

* EMCORE Corp  EMKR.OQ   EMKR.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 4. 
    * The Alhambra California-based  company is expected to
report  a
14.3% decrease in revenue to $32.923 million from $38.41 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 3 cents per share. For the same quarter last year,
the company reported earnings of 17 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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​, above​ its last closing price of $3.60. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.17        0.17       0.14      Missed  -16.4
 Sep. 30 2021  0.19        0.20       0.17      Missed  -12.8
 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.        0.08        0.08       0.11      Beat    32
 31 2020                                                
 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
 This summary was machine generated May 3 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated