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

EMCORE

08/02/2024 22:02

* EMCORE Corp  EMKR.OQ  reported a quarterly adjusted loss
of 3
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -22
cents.  The mean expectation of three analysts for the quarter
was for a loss of 2 cents per share. 
    * Revenue fell 3.3% to $24.12 million from a year ago;
analysts
expected $27.00 million. 
    * The company reported a quarterly loss of $5.68 million.
    * EMCORE Corp shares had risen by 28.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for EMCORE Corp
is
$1.50 

This summary was machine generated from LSEG data February 8 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.02          -0.03          Missed
 Sep. 30 2023      -0.08          -0.03          Beat
 Jun. 30 2023      -0.13          -0.13          Met
 Mar. 31 2023      -0.17          -0.18          Missed