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

IPG Photonics

03/11/2021 11:36

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.40​​ per share for the quarter ended in
September. The mean expectation of thirteen analysts for the
quarter was for earnings of $1.27 per share.
* Revenue rose 19.1% to $379.15 million from a year ago; 
analysts expected $368.26 million. 
* IPG Photonics Corp's reported EPS for the quarter was $1.40​.
* The mean earnings estimate of analysts had fallen by
about 5.9% in the last three months.​ 
* In the last 30 days two analysts negatively revised earnings
estimates 
* IPG Photonics Corp shares had risen by 12.0% this quarter and
lost 20.8% so far this year.
* The company reported quarterly net income of $75.4 million.
* Wall Street's median 12-month price target for IPG Photonics
Corp is $215.50 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 6 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
This summary was machine generated November 3 at 11:36 a.m.
 ​All figures in US dollars unless otherwise stated