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

IPG Photonics

03/08/2021 14:15

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.29​​ per share for the quarter ended in June. The
mean expectation of eleven analysts for the quarter was
for earnings of $1.41 per share.
* Revenue rose 25.4% to $371.66 million from a year ago; 
analysts expected $377.94 million. 
* IPG Photonics Corp's reported EPS for the quarter was $1.29​.
* The mean earnings estimate of analysts had risen by about 2.9%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates 
* IPG Photonics Corp shares had risen by 3.2% this quarter and
lost 2.8% so far this year.
* The company reported quarterly net income of $69.8 million.
* Wall Street's median 12-month price target for IPG Photonics
Corp is $248.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 8 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
This summary was machine generated August 3 at 01:15 p.m.  ​All
figures in US dollars unless otherwise stated