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

Veeco Instruments

05/11/2022 01:05

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
rise in quarterly revenue when it reports  results on November
7. 
    * The Plainview New York-based  company is expected to
report  a
13.7% increase in revenue to $170.89 million from $150.25
million a year ago, according to the mean estimate from 5
analysts, based on Refinitiv data. The company's guidance on
August 8 2022, for the period ended September 30, was for
revenue between $160.00 million and $180.00 million.
    * ​Refinitiv's mean analyst estimate for Veeco Instruments
Inc is
for earnings of 41 cents per share. The company's EPS guidance
on August 8 2022, for the period ended September 30, was between
USD0.32 and USD0.48 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 $30​, above​ its last closing price of $18.00. ​​​

The company's guidance on August 8 2022 for the period ended
September 30 was for gross profit margin between USD41% 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 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. 30 2021  0.35        0.35       0.40      Beat    14.8
 ​​Jun.        0.27        0.27       0.35      Beat    31.2
 30 2021                                                
 Mar. 31 2021  0.23        0.23       0.25      Beat    10.3​
 Dec. 31 2020  0.32        0.32       0.30      Missed  -5.8
 Sep. 30 2020  0.20        0.20       0.22      Beat    10
 This summary was machine generated November 5 at 01:05 GMT.  All
figures in US dollars  unless otherwise stated