IPG Photonics Corp reports results for the quarter ended in December - Earnings Summary

IPG Photonics

14/02/2023 14:31

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.08​​ per share for the quarter ended in December.
The mean expectation of seven analysts for the quarter was
for earnings of 89 cents per share.
    * Revenue fell 8.5% to $333.54 million from a year ago;
analysts
expected $316.08 million. 
    * IPG Photonics Corp's reported EPS for the quarter was a
loss of
$1.91​.
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * IPG Photonics Corp shares had risen by 18.9% this quarter.
    * The company reported a quarterly loss of $92.9 million.
    * Wall Street's median 12-month price target for IPG
Photonics
Corp is $110.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and 2 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
14 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.89           1.08           Beat
 Sep. 30 2022      1.15           1.49           Beat
 Jun. 30 2022      1.15           1.10           Missed
 Mar. 31 2022      0.98           1.31           Beat