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

EMCORE

08/08/2023 23:01

* EMCORE Corp  EMKR.OQ  reported a quarterly adjusted loss
of 13
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 rose 12.8% to $26.70 million from a year ago;
analysts
expected $26.03 million. 
    * EMCORE Corp's reported EPS for the quarter was a loss
of 18
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 fallen by 15.0% this quarter and
lost 33.5% so far this year.
    * The company reported a quarterly loss of $9.86 million.
    * Wall Street's median 12-month price target for EMCORE Corp
is
$2.50 
    * 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 from LSEG Refinitiv data
August 8 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.13          -0.13          Met
 Mar. 31 2023      -0.17          -0.18          Missed
 Dec. 31 2022      -0.21          -0.22          Missed
 Sep. 30 2022      -0.17          -0.29          Missed