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

IPG Photonics

13/02/2024 14:33

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of 89 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.08.  The mean expectation of
seven analysts for the quarter was for earnings of 95 cents per
share. Wall Street expected results to range from 92 cents to 97
cents per share.
    * Revenue fell 10.4% to $298.89 million from a year ago;
analysts
expected $286.12 million. 
    * IPG Photonics Corp's reported EPS for the quarter was 89
cents​.
    * The company reported quarterly net income of $41.43
million.
    * IPG Photonics Corp shares had fallen by 4.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for IPG Photonics
Corp is $125.00 
This summary was machine generated from LSEG data February 13 at
02:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.95           0.89           Missed
 Sep. 30 2023      1.01           1.16           Beat
 Jun. 30 2023      1.24           1.31           Beat
 Mar. 31 2023      1.14           1.26           Beat