Rogers Corp reports results for the quarter ended in June - Earnings Summary

Rogers

25/07/2024 22:02

* Rogers Corp  ROG.N  reported quarterly adjusted earnings
of 69
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of $1.07. 
The mean expectation of two analysts for the quarter was
for earnings of 60 cents per share. 
    * Revenue fell 7.2% to $214.20 million from a year ago;
analysts
expected $216.15 million. 
    * Rogers Corp's reported EPS for the quarter was 44 cents​.
    * The company reported quarterly net income of $8.1 million.
    * Rogers Corp shares had risen by 4.3% this quarter and
lost 4.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.1%
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 2 "strong buy" or "buy," no
"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 Rogers Corp is
$150.00 
This summary was machine generated from LSEG data July 25 at
09:01 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      0.60           0.69           Beat
 Mar. 31 2024      0.55           0.58           Beat
 Dec. 31 2023      1.00           0.60           Missed
 Sep. 30 2023      1.14           1.24           Beat