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

EMCORE

04/08/2021 23:12

* EMCORE Corp  EMKR.OQ  reported quarterly adjusted earnings of
20 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
17 cents per share.
* Revenue rose 56.5% to $42.66 million from a year ago; 
analysts expected $41.08 million. 
* EMCORE Corp's reported EPS for the quarter was 35 cents​.
* The mean earnings estimate of analysts had risen by
about 39.9% 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 7.7% this quarter and
gained 56.1% so far this year.
* The company reported quarterly net income of $13.62 million.
* Wall Street's median 12-month price target for EMCORE Corp is
$12.50 
* 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 August 4 at 10:12 p.m.  ​All
figures in US dollars unless otherwise stated