IPG Photonics Corp reports results for the quarter ended in September 30 - Earnings Summary

IPG Photonics

29/10/2024 17:37

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of 29 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of $1.16.  The mean expectation of nine analysts
for the quarter was for earnings of 19 cents per share. Wall
Street expected results to range from 12 cents to 26 cents per
share.
    * Revenue fell 22.6% to $233.14 million from a year ago;
analysts
expected $227.89 million. 
    * IPG Photonics Corp's reported EPS for the quarter was a
loss of
$5.33​.
    * The company reported a quarterly loss of $233.59 million.
    * IPG Photonics Corp shares had risen by 6.7% this
quarter and
lost 27.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 64.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for IPG Photonics
Corp is 88.50 
This summary was machine generated from LSEG data October 29 at
05:37 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
 Sep. 30 2024      0.19           0.29           Beat
 Jun. 30 2024      0.51           0.45           Missed
 Mar. 31 2024      0.49           0.52           Beat
 Dec. 31 2023      0.95           0.89           Missed