Veeco Instruments Inc expected to post earnings of 30  cents a share - Earnings Preview

Veeco Instruments

05/08/2023 03:05

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 7. 
    * The Plainview New York-based  company is expected to
report  a
4.1% decrease in revenue to $157.313 million from $164 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. The company's guidance on May 8 2023, for the
period ended June 30, was for revenue between $145.00 million
and $165.00 million.
    * ​Refinitiv's mean analyst estimate for Veeco Instruments
Inc is
for earnings of 30 cents per share. The company's EPS guidance
on May 8 2023, for the period ended June 30, was between $0.26
and $0.34 
    * 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 $28​, below​ its last closing price of $28.22. ​​​

The company's guidance on May 8 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD18
million and USD25 million.The company's guidance on May 8 2023
for the period ended June 30 was for gross profit margin of
USD42%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.20        0.20       0.30      Beat    48.5
 Dec. 31 2023  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.        0.36        0.35       0.38      Beat    7.5
 31 2022                                                
 Dec. 31 2021  0.37        0.37       0.43      Beat    17.3​
 Sep. 30 2021  0.35        0.35       0.40      Beat    14.8
 Jun. 30 2021  0.27        0.27       0.35      Beat    31.2
 This summary was machine generated August 5 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated