Veeco Instruments Inc expected to post earnings of 32cents a share - Earnings Preview

Veeco Instruments

14/02/2023 03:04

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
15. 
    * The Plainview New York-based  company is expected to
report  a
5.4% increase in revenue to $161.183 million from $152.97
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
November 7 2022, for the period ended December 31, was for
revenue between $150.00 million and $170.00 million.
    * ​Refinitiv's mean analyst estimate for Veeco Instruments
Inc is
for earnings of 32 cents per share. The company's EPS guidance
on November 7 2022, for the period ended December 31, was
between $0.24 and $0.40 
    * 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 $23​, above​ its last closing price of $20.33. ​​​

The company's guidance on November 7 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD15 million and USD25 million.The company's guidance on
November 7 2022 for the period ended December 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  
 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. 31 2021  0.37        0.37       0.43      Beat    17.3
 ​​Sep.        0.35        0.35       0.40      Beat    14.8
 30 2021                                                
 Jun. 30 2021  0.27        0.27       0.35      Beat    31.2​
 Mar. 31 2021  0.23        0.23       0.25      Beat    10.3
 Dec. 31 2020  0.32        0.32       0.30      Missed  -5.8
 This summary was machine generated February 14 at 03:04 GMT. 
All figures in US dollars  unless otherwise stated