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

nLIGHT

01/08/2024 23:47

* nLIGHT Inc  LASR.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of seven analysts for the quarter
was for a loss of 13 cents per share. Wall Street expected
results to range from -15 cents to -10 cents per share.
    * Revenue fell 5.2% to $50.51 million from a year ago;
analysts
expected $49.15 million. 
    * nLIGHT Inc's reported EPS for the quarter was a loss of 25
cents​.
    * The company reported a quarterly loss of $11.73 million.
    * nLIGHT Inc shares had risen by 10.4% this quarter and
lost 10.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.2%
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," 3
"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
$15.00 
This summary was machine generated from LSEG data August 1 at
10:47 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
 Jun. 30 2024      -0.13          -0.10          Beat
 Mar. 31 2024      -0.19          -0.13          Beat
 Dec. 31 2023      -0.14                         
 Sep. 30 2023      -0.08