Veeco Instruments Inc expected to post earnings of 43 cents a share - Earnings Preview

Veeco Instruments

02/08/2024 22:17

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
rise in quarterly revenue when it reports  results on August 6
for the period ending June 30 2024
    * The Plainview New York-based  company is expected to
report a
8.8% increase in revenue to $175.926 million from $161.64
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on May 7
2024, for the period ended June 30, was for revenue between
$165.00 million and $185.00 million.
    * ​LSEG's mean analyst estimate for Veeco Instruments Inc is
for
earnings of 43 cents per share. The company's EPS guidance on
May 7 2024, for the period ended June 30, was between $0.38 and
$0.48 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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 $50.00​, above​ its last closing price of $39.06. ​​​

The company's guidance on May 7 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD25
million and USD33 million.The company's guidance on May 7 2024
for the period ended June 30 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  
 Mar. 31 2024  0.41        0.41       0.45      Beat    10.5
 Jan. 1 2024   0.43        0.42       0.51      Beat    45
 Sep. 30 2023  0.37        0.37       0.53      Beat    45​
 Jan. 1 0001   0.30        0.30       0.36      Beat    20
 ​​Mar.        0.20        0.20       0.38      Beat    48.5
 31 2023                                                
 Jan. 1 0001   0.32        0.32       0.38      Beat    18.1​
 Sep. 30 2022  0.42        0.41       0.45      Beat    9.8
 Jan. 1 0001   0.30        0.29       0.35      Beat    19.8
 This summary was machine generated August 2 at 21:17 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)