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

IPG Photonics

01/08/2023 14:32

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.31​​ per share for the quarter ended in June. The
mean expectation of seven analysts for the quarter was
for earnings of $1.24 per share.
    * Revenue fell 9.8% to $339.97 million from a year ago;
analysts
expected $345.51 million. 
    * IPG Photonics Corp's reported EPS for the quarter was
$1.31​.
    * The mean earnings estimate of analysts had risen by
about 1.3%
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 fallen by 3.2% this
quarter and
gained 38.9% so far this year.
    * The company reported quarterly net income of $62.32
million.
    * Wall Street's median 12-month price target for IPG
Photonics
Corp is $134.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 1 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.24           1.31           Beat
 Mar. 31 2023      1.14           1.25           Beat
 Dec. 31 2022      0.89           1.08           Beat
 Sep. 30 2022      1.15           1.49           Beat