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

IPG Photonics

03/05/2022 14:31

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.31​​ per share for the quarter ended in March.
The mean expectation of eleven analysts for the quarter was
for earnings of 98 cents per share.
    * Revenue rose 7.1% to $369.98 million from a year ago; 
analysts
expected $334.79 million. 
    * IPG Photonics Corp's reported EPS for the quarter was
$1.31​.
    * The mean earnings estimate of analysts had fallen by
about 23.2%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * IPG Photonics Corp shares had fallen by 9.7% this
quarter and
lost 42.4% so far this year.
    * The company reported quarterly net income of $69.57
million.
    * Wall Street's median 12-month price target for IPG
Photonics
Corp is $168.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 3 at 01:31 p.m.  ​All
figures in US dollars unless otherwise stated