IPG Photonics Corp expected to post earnings of 20 cents a share - Earnings Preview

IPG Photonics

25/10/2024 14:13

* IPG Photonics Corp  IPGP.OQ   IPGP.O  is expected to show
a fall
in quarterly revenue when it reports  results on October 29 for
the period ending September 30 2024
    * The Marlborough Massachusetts-based  company is expected
to
report a 24.2% decrease in revenue to $228.445 million from
$301.4 million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on July 30
2024, for the period ended September 30, was for revenue between
$210.00 million and $240.00 million.
    * ​LSEG's mean analyst estimate for IPG Photonics Corp is
for
earnings of 20 cents per share. The company's EPS guidance on
July 30 2024, for the period ended September 30, was between
$0.00 and $0.30 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "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 $88.50​, above​ its last closing price of $75.92. ​​​

The company's guidance on July 30 2024 for the period ended
September 30 was for gross profit margin between USD34% and
USD37%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.51        0.51       0.45      Missed  -11.2
 Mar. 31 2024  0.49        0.49       0.52      Beat    6.9
 Dec. 31 2023  0.95        0.95       0.89      Missed  -6.3​
 Sep. 30 2023  1.01        1.01       1.16      Beat    15.2
 ​​Jun.        1.24        1.24       1.31      Beat    5.3
 30 2023                                                
 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
 This summary was machine generated October 25 at 13:13 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)