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

EMCORE

04/05/2023 22:49

* EMCORE Corp  EMKR.OQ  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in March. The mean
expectation of four analysts for the quarter was for a loss
of 17 cents per share.
    * Revenue fell 17.9% to $26.82 million from a year ago;
analysts
expected $27.58 million. 
    * The mean earnings estimate of analysts had risen by
about 6.8%
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 7.8% this quarter and
gained 10.1% so far this year.
    * 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 May
4 at 09:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.17          -0.18          Missed
 Dec. 31 2022      -0.21          -0.22          Missed
 Sep. 30 2022      -0.17          -0.29          Missed
 Jun. 30 2022      -0.13          -0.17          Missed