EMCORE Corp expected to post a loss of 12 cents a share - Earnings Preview

Reuters
2024-12-07
EMCORE Corp <emkr.oq> expected to post a loss of 12 cents a share - Earnings Preview </emkr.oq>
  • EMCORE Corp EMKR.OQ EMKR.O is expected to show a fall in quarterly revenue when it reports results on December 10 (estimated) for the period ending September 30 2024

  • The Alhambra California-based company is expected to report a 23.3% decrease in revenue to $20.525 million from $26.77 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on August 6 2024, for the period ended September 30, was for revenue between $20.00 million and $22.00 million.

  • ​LSEG's mean analyst estimate for EMCORE Corp is for a loss of 12 cents per share.

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "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 EMCORE Corp is $3.10​, above​ its last closing price of $2.98. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Jun. 30 2024

-0.19

-0.17

-0.49

Missed

-188.2

Mar. 31 2024

-0.30

-0.30

-0.08

Beat

73.3

Dec. 31 2023

-0.20

-0.20

-0.30

Missed

-50​

Sep. 30 2023

-0.40

-0.77

-0.30

Beat

60.9

​​Jun. 30 2023

-1.35

-1.33

-1.30

Beat

2.5

Mar. 31 2023

-1.72

-1.72

-1.80

Missed

-4.3​

Dec. 31 2022

-2.10

-2.10

-2.20

Missed

-4.8

Sep. 30 2022

-1.75

-2.90

Missed

-65.7

This summary was machine generated December 6 at 21:09 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)

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