Veeco Instruments Inc expected to post earnings of 20  cents a share - Earnings Preview

Veeco Instruments

06/05/2023 03:12

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 8. 
    * The Plainview New York-based  company is expected to
report  a
9.3% decrease in revenue to $141.845 million from $156.43
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
February 15 2023, for the period ended March 31, was for revenue
between $130.00 million and $150.00 million.
    * ​Refinitiv's mean analyst estimate for Veeco Instruments
Inc is
for earnings of 20 cents per share. The company's EPS guidance
on February 15 2023, for the period ended March 31, was between
$0.12 and $0.28 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Veeco
Instruments
Inc is $25​, above​ its last closing price of $18.56. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between USD8
million and USD19 million.The company's guidance on February 15
2023 for the period ended March 31 was for gross profit margin
between USD39% and USD41%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.32        0.32       0.38      Beat    18.1
 Sep. 30 2022  0.42        0.41       0.45      Beat    9.8
 Jun. 30 2022  0.30        0.29       0.35      Beat    19.8​
 Mar. 31 2022  0.36        0.35       0.38      Beat    7.5
 ​​Dec.        0.37        0.37       0.43      Beat    17.3
 31 2021                                                
 Sep. 30 2021  0.35        0.35       0.40      Beat    14.8​
 Jun. 30 2021  0.27        0.27       0.35      Beat    31.2
 Mar. 31 2021  0.23        0.23       0.25      Beat    10.3
 This summary was machine generated May 6 at 02:12 GMT.  All
figures in US dollars  unless otherwise stated