Veeco Instruments Inc expected to post earnings of 37  cents a share - Earnings Preview

Veeco Instruments

04/11/2023 02:17

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Plainview New York-based  company is expected to
report  a
2.3% decrease in revenue to $167.892 million from $171.91
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. The company's guidance on August 7
2023, for the period ended September 30, was for revenue between
$155.00 million and $175.00 million.
    * ​Refinitiv's mean analyst estimate for Veeco Instruments
Inc is
for earnings of 37 cents per share. The company's EPS guidance
on August 7 2023, for the period ended September 30, was between
$0.30 and $0.40 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $33​, above​ its last closing price of $25.32. ​​​

The company's guidance on August 7 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD20 million and USD27 million.The company's guidance on August
7 2023 for the period ended September 30 was for gross profit
margin between USD42% and USD43%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.30        0.30       0.36      Beat    20
 Mar. 31 2023  0.20        0.20       0.30      Beat    48.5
 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.        0.30        0.29       0.35      Beat    19.8
 30 2022                                                
 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. 30 2021  0.35        0.35       0.40      Beat    14.8
 This summary was machine generated November 4 at 02:17 GMT.  All
figures in US dollars  unless otherwise stated