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

EMCORE

05/05/2022 21:01

* EMCORE Corp  EMKR.OQ  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for earnings of
3 cents per share.
    * Revenue fell 15% to $32.65 million from a year ago; 
analysts
expected $32.92 million. 
    * EMCORE Corp's reported EPS for the quarter was a loss of 6
cents​.
    * The mean earnings estimate of analysts had fallen by
about 79%
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 2.4% this quarter and
lost 48.3% so far this year.
    * The company reported a quarterly loss of $2.23 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 May 5 at 08:01 p.m.  ​All
figures in US dollars unless otherwise stated