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

EMCORE

05/05/2021 23:41

* EMCORE Corp  EMKR.OQ  reported quarterly adjusted earnings of
17 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 11 cents per share.
* Revenue rose 61% to $38.41 million from a year ago​;  analysts
expected $36.13 million.
* EMCORE Corp's reported EPS for the quarter was 13 cents​.
* The mean earnings estimate of analysts had risen by
about 135.7% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* EMCORE Corp shares had risen by 13.6% this quarter and
gained 13.8% so far this year.
* The company reported quarterly net income of $4.38 million.
* Wall Street's median 12-month price target for EMCORE Corp is
$8.00 
* 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." 
This summary was machine generated May 5 at 10:41 p.m. GMT. ​All
figures in US Dollars.​