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

nLIGHT

02/11/2023 21:56

* nLIGHT Inc  LASR.OQ  reported a quarterly adjusted loss
of 10
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -11 cents.  The mean expectation of six analysts for the
quarter was for a loss of 8 cents per share. Wall Street
expected results to range from -11 cents to -5 cents per share.
    * Revenue fell 15.7% to $50.63 million from a year ago;
analysts
expected $49.29 million. 
    * nLIGHT Inc's reported EPS for the quarter was a loss of 26
cents​.
    * The company reported a quarterly loss of $11.88 million.
    * nLIGHT Inc shares had fallen by 19.8% this quarter and
lost 17.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 3 "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
$16.50 
This summary was machine generated from LSEG data November 2 at
09:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.08          -0.10          Missed
 Jun. 30 2023      -0.08          -0.02          Beat
 Mar. 31 2023      -0.16          -0.04          Beat
 Dec. 31 2022      -0.14          -0.27          Missed