Veeco Instruments Inc expected to post earnings of 41 cents a share - Earnings Preview

Veeco Instruments

04/05/2024 03:08

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 7 for
the period ending March 31 2024
    * The Plainview New York-based  company is expected to
report a
11.1% increase in revenue to $170.548 million from $153.5
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on February
14 2024, for the period ended March 31, was for revenue between
$160.00 million and $180.00 million.
    * ​LSEG's mean analyst estimate for Veeco Instruments Inc is
for
earnings of 41 cents per share. The company's EPS guidance on
February 14 2024, for the period ended March 31, was between
$0.36 and $0.46 
    * 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 $40.00​, above​ its last closing price of $36.37. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD24 million and USD31 million.The company's guidance on
February 14 2024 for the period ended March 31 was for gross
profit margin between USD43% and USD44%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.43        0.42       0.51      Beat    20.9
 Sep. 30 0001  0.37        0.37       0.53      Beat    45
 Jun. 30 2023  0.30        0.30       0.36      Beat    20​
 Jan. 1 0001   0.20        0.20       0.30      Beat    48.5
 ​​Dec.        0.32        0.32       0.38      Beat    18.1
 31 2022                                                
 Sep. 30 2022  0.42        0.41       0.45      Beat    9.8​
 Jun. 30 2022  0.30        0.29       0.35      Beat    19.8
 Jan. 1 0001   0.36        0.35       0.38      Beat    7.5
 This summary was machine generated May 4 at 02:08 GMT.  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)