Emcore Corp Reports Results For The Quarter Ended In December: Earnings Summary

EMCORE

09/02/2022 22:39

* EMCORE Corp  EMKR.OQ  reported quarterly adjusted earnings
of 14
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
17 cents per share.
    * Revenue rose 26.4% to $42.24 million from a year ago; 
analysts
expected $42.16 million. 
    * EMCORE Corp's reported EPS for the quarter was 6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * EMCORE Corp shares had fallen by 16.6% this quarter.
    * The company reported quarterly net income of $2.41
million.
    * Wall Street's median 12-month price target for EMCORE Corp
is
$13.50 
    * 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." 

This summary was machine generated February 9 at 10:39 p.m.
 ​All figures in US dollars unless otherwise stated