Veeco Instruments Inc expected to post earnings of 42 cents a share - Earnings Preview

Veeco Instruments

12/02/2024 22:43

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
14 for the period ending December 31 2023
    * The Plainview New York-based  company is expected to
report a
10.1% increase in revenue to $169.394 million from $153.8
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on January
17 2024, for the period ended December 31, was for revenue
between $165.00 million and $175.00 million.
    * ​LSEG's mean analyst estimate for Veeco Instruments Inc is
for
earnings of 42 cents per share. The company's EPS guidance on
January 17 2024, for the period ended December 31, was between
$0.40 and $0.45 
    * 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 $36.00​, above​ its last closing price of $34.14. ​​​

The company's guidance on November 6 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD23 million and USD30 million.The company's guidance on
November 6 2023 for the period ended December 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  
 Sep. 30 2023  0.37        0.37       0.53      Beat    45
 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.        0.42        0.41       0.45      Beat    9.8
 30 2022                                                
 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
 This summary was machine generated February 12 at 22:43 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)