IPG Photonics Corp expected to post earnings of 51 cents a share - Earnings Preview

IPG Photonics

26/07/2024 14:41

* IPG Photonics Corp  IPGP.OQ   IPGP.O  is expected to show
a fall
in quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Marlborough Massachusetts-based  company is expected
to
report a 23.8% decrease in revenue to $258.955 million from
$339.97 million a year ago, according to the mean estimate from
8 analysts, based on LSEG data.The company's guidance on April
30 2024, for the period ended June 30, was for revenue between
$240.00 million and $270.00 million.
    * ​LSEG's mean analyst estimate for IPG Photonics Corp is
for
earnings of 51 cents per share. The company's EPS guidance on
April 30 2024, for the period ended June 30, was between $0.30
and $0.60 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"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 $105.00​, above​ its last closing price of $85.49. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.49        0.49       0.52      Beat    6.9
 Dec. 31 2024  0.95        0.95       0.89      Missed  -6.3
 Sep. 30 2023  1.01        1.01       1.16      Beat    15.2​
 Jun. 30 2023  1.24        1.24       1.31      Beat    5.3
 ​​Mar.        1.11        1.14       1.26      Beat    10.6
 31 2023                                                
 Dec. 31 2022  0.90        0.89       1.08      Beat    21.3​
 Sep. 30 2022  1.12        1.15       1.49      Beat    29.5
 Jan. 1 0001   1.14        1.15       1.10      Missed  -3.9
 This summary was machine generated July 26 at 13:41 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)