IPG Photonics Corp expected to post earnings of $1.24 a share - Earnings Preview

IPG Photonics

28/07/2023 17:40

* IPG Photonics Corp  IPGP.OQ   IPGP.O  is expected to show
a fall
in quarterly revenue when it reports  results on August 1. 
    * The Marlborough Massachusetts-based  company is expected
to
report  a 8.4% decrease in revenue to $345.512 million from
$377.02 million a year ago, according to the mean estimate from
6 analysts, based on Refinitiv data. The company's guidance on
May 2 2023, for the period ended June 30, was for revenue
between $325.00 million and $355.00 million.
    * ​Refinitiv's mean analyst estimate for IPG Photonics Corp
is for
earnings of $1.24 per share. The company's EPS guidance on May 2
2023, for the period ended June 30, was between $1.05 and $1.35 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $134​, above​ its last closing price of $130.09. ​​​

The company's guidance on May 2 2023 for the period ended June
30 was for gross profit margin between USD41.5% and USD43.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.11        1.14       1.25      Beat    9.7
 Dec. 31 2023  0.90        0.89       1.08      Beat    21.3
 Sep. 30 2022  1.12        1.15       1.49      Beat    29.5​
 Jun. 30 2022  1.14        1.15       1.10      Missed  -3.9
 ​​Mar.        0.97        0.98       1.31      Beat    34.2
 31 2022                                                
 Dec. 31 2021  1.20        1.19       1.21      Beat    1.6​
 Sep. 30 2021  1.23        1.27       1.40      Beat    10.3
 Jun. 30 2021  1.41        1.41       1.29      Missed  -8.5
 This summary was machine generated July 28 at 16:40 GMT.  All
figures in US dollars  unless otherwise stated