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

IPG Photonics

01/11/2022 13:31

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.47​​ per share for the quarter ended in
September. The mean expectation of eight analysts for the
quarter was for earnings of $1.15 per share.
    * Revenue fell 8% to $349.01 million from a year ago;
analysts
expected $372.81 million. 
    * IPG Photonics Corp's reported EPS for the quarter was
$1.47​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * IPG Photonics Corp shares had risen by 1.6% this
quarter and
lost 50.2% so far this year.
    * The company reported quarterly net income of $76.26
million.
    * Wall Street's median 12-month price target for IPG
Photonics
Corp is $125.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from Refinitiv data November
1 at 01:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.15           1.47           Beat
 Jun. 30 2022      1.15           1.10           Missed
 Mar. 31 2022      0.98           1.31           Beat
 Dec. 31 2021      1.19           1.21           Beat