IPG Photonics Corp expected to post earnings of 95 cents a share - Earnings Preview

IPG Photonics

09/02/2024 14:26

* IPG Photonics Corp  IPGP.OQ   IPGP.O  is expected to show
a fall
in quarterly revenue when it reports  results on February 13 for
the period ending December 31 2023
    * The Marlborough Massachusetts-based  company is expected
to
report a 14.2% decrease in revenue to $286.123 million from
$333.54 million a year ago, according to the mean estimate from
7 analysts, based on LSEG data.The company's guidance on October
31 2023, for the period ended December 31, was for revenue
between $270.00 million and $300.00 million.
    * ​LSEG's mean analyst estimate for IPG Photonics Corp is
for
earnings of 95 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"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 $125.00​, above​ its last closing price of $101.01. ​​​

The company's guidance on October 31 2023 for the period ended
December 31 was for gross profit margin between USD41% and
USD43%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2023  1.11        1.14       1.26      Beat    10.6​
 Dec. 31 2022  0.90        0.89       1.08      Beat    21.3
 ​​Sep.        1.12        1.15       1.49      Beat    29.5
 30 2022                                                
 Jun. 30 2022  1.14        1.15       1.10      Missed  -3.9​
 Mar. 31 2022  0.97        0.98       1.31      Beat    34.2
 Dec. 31 2021  1.20        1.19       1.21      Beat    1.6
 This summary was machine generated February 9 at 14:26 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)