nLIGHT Inc reports results for the quarter ended in December - Earnings Summary

nLIGHT

23/02/2024 03:10

* nLIGHT Inc  LASR.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -27
cents.  The mean expectation of six analysts for the quarter was
for a loss of 14 cents per share. Wall Street expected
results to range from -16 cents to -11 cents per share.
    * Revenue fell 8.4% to $51.89 million from a year ago;
analysts
expected $47.99 million. 
    * nLIGHT Inc's reported EPS for the quarter was a loss of 28
cents​.
    * The company reported a quarterly loss of $13.24 million.
    * nLIGHT Inc shares had risen by 2.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for nLIGHT Inc is
$16.00 
This summary was machine generated from LSEG data February 23 at
03:09 a.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
 Dec. 31 2023      -0.14          -0.13          Beat
 Sep. 30 2023      -0.08          -0.10          Missed
 Jun. 30 2023      -0.08          -0.02          Beat
 Mar. 31 2023      -0.16          -0.04          Beat