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

IPG Photonics

31/10/2023 13:32

* IPG Photonics Corp  IPGP.OQ  reported quarterly adjusted
earnings of $1.16​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of $1.01 per share.
    * Revenue fell 13.6% to $301.40 million from a year ago;
analysts
expected $313.85 million. 
    * IPG Photonics Corp's reported EPS for the quarter was
$1.16​.
    * The mean earnings estimate of analysts had fallen by
about 18.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * IPG Photonics Corp shares had fallen by 17.6% this
quarter and
lost 11.6% so far this year.
    * The company reported quarterly net income of $54.99
million.
    * Wall Street's median 12-month price target for IPG
Photonics
Corp is $121.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.01           1.16           Beat
 Jun. 30 2023      1.24           1.31           Beat
 Mar. 31 2023      1.14           1.26           Beat
 Dec. 31 2022      0.89           1.08           Beat