Veeco Instruments Inc expected to post earnings of 45 cents a share - Earnings Preview

Veeco Instruments

04/11/2024 21:54

* Veeco Instruments Inc  VECO.OQ   VECO.O  is expected
to show a
rise in quarterly revenue when it reports  results on November 6
for the period ending September 30 2024
    * The Plainview New York-based  company is expected to
report a
1.8% increase in revenue to $180.534 million from $177.37
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on August 6
2024, for the period ended September 30, was for revenue between
$170.00 million and $190.00 million.
    * ​LSEG's mean analyst estimate for Veeco Instruments Inc is
for
earnings of 45 cents per share. The company's EPS guidance on
August 6 2024, for the period ended September 30, was between
$0.39 and $0.49 
    * 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 40.00​, above​ its last closing price of $28.79. ​​​

The company's guidance on August 6 2024 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD26 million and USD34 million.The company's guidance on August
6 2024 for the period ended September 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  
 Jun. 30 2024  0.43        0.43       0.42      Missed  -2.3
 Mar. 31 2024  0.41        0.41       0.45      Beat    10.5
 Dec. 31 2023  0.43        0.42       0.51      Beat    20.9​
 Sep. 30 2023  0.37        0.37       0.53      Beat    45
 ​​Jun.        0.30        0.30       0.36      Beat    20
 30 2023                                                
 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
 This summary was machine generated November 4 at 21:54 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)