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

EMCORE

08/02/2023 22:03

* EMCORE Corp  EMKR.OQ  reported a quarterly adjusted loss
of 31
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for a loss
of 21 cents per share.
    * Revenue fell 40.9% to $24.95 million from a year ago;
analysts
expected $26.00 million. 
    * The mean earnings estimate of analysts had fallen by
about 44.8%
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 risen by 37.7% this quarter.
    * Wall Street's median 12-month price target for EMCORE Corp
is
$3.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
8 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      -0.21          -0.31          Missed
 Sep. 30 2022      -0.17          -0.29          Missed
 Jun. 30 2022      -0.13          -0.17          Missed
 Mar. 31 2022      0.03           -0.02          Missed