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

EMCORE

09/08/2022 23:01

* EMCORE Corp  EMKR.OQ  reported a quarterly adjusted loss
of 17
cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for a loss
of 13 cents per share.
    * Revenue fell 44.5% to $23.68 million from a year ago;
analysts
expected $25.71 million. 
    * EMCORE Corp's reported EPS for the quarter was a loss
of 20
cents​.
    * 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. 
    * EMCORE Corp shares had risen by 6.2% this quarter and
lost 53.3%
so far this year.
    * The company reported a quarterly loss of $7.65 million.
    * Wall Street's median 12-month price target for EMCORE Corp
is
$4.75 
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      -0.13          -0.17          Missed
 Mar. 31 2022      0.03           -0.02          Missed
 Dec. 31 2021      0.17           0.14           Missed
 Sep. 30 2021      0.20           0.17           Missed