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

IPG Photonics

04/05/2021 16:35

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.26​​ per share for the quarter ended in March.
The mean expectation of twelve analysts for the quarter was
for earnings of $1.10 per share.
* Revenue rose 38.7% to $345.59 million from a year ago​; 
analysts expected $328.94 million.
* IPG Photonics Corp's reported EPS for the quarter was $1.26​.
* The mean earnings estimate of analysts had risen by about 18%
in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* IPG Photonics Corp shares had risen by 0.3% this quarter and
lost 5.5% so far this year.
* The company reported quarterly net income of $68.13 million.
* Wall Street's median 12-month price target for IPG Photonics
Corp is $294.40 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 7 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
This summary was machine generated May 4 at 03:35 p.m. GMT. ​All
figures in US Dollars.​