IPG Photonics Corp expected to post earnings of $1.02 a share - Earnings Preview

IPG Photonics

27/10/2023 19:34

* IPG Photonics Corp  IPGP.OQ   IPGP.O  is expected to show
a fall
in quarterly revenue when it reports  results 
    * The Marlborough Massachusetts-based  company is expected
to
report  a 9.6% decrease in revenue to $315.52 million from
$349.01 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. The company's guidance on
August 1 2023, for the period ended September 30, was for
revenue between $300.00 million and $330.00 million.
    * ​Refinitiv's mean analyst estimate for IPG Photonics Corp
is for
earnings of $1.02 per share. The company's EPS guidance on
August 1 2023, for the period ended September 30, was between
$0.85 and $1.15 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for IPG
Photonics
Corp is $128​, above​ its last closing price of $88.02. ​​​

The company's guidance on August 1 2023 for the period ended
September 30 was for gross profit margin between USD40% and
USD42%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  1.24        1.24       1.31      Beat    5.3
 Mar. 31 2023  1.11        1.14       1.26      Beat    10.6
 Dec. 31 2022  0.90        0.89       1.08      Beat    21.3​
 Sep. 30 2022  1.12        1.15       1.49      Beat    29.5
 ​​Jun.        1.14        1.15       1.10      Missed  -3.9
 30 2022                                                
 Mar. 31 2022  0.97        0.98       1.31      Beat    34.2​
 Dec. 31 2021  1.20        1.19       1.21      Beat    1.6
 Sep. 30 2021  1.23        1.27       1.40      Beat    10.3
 This summary was machine generated October 27 at 18:34 GMT.  All
figures in US dollars  unless otherwise stated