* EMCORE Corp reported a quarterly adjusted loss of 22 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -30 cents. The mean expectation of two analysts for the quarter was for a loss of 22 cents per share.
* Revenue fell 18.9% to $21.70 million from a year ago; analysts expected $20.14 million.
* EMCORE Corp's reported EPS for the quarter was a loss of 34 cents.
* The company reported a quarterly loss of $3.11 million.
* EMCORE Corp shares had held steady so far this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 76% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the aerospace & defense peer group is also "hold"
Wall Street's median 12-month price target for EMCORE Corp is $3.10 This summary was machine generated from LSEG data January 3 at 02:59 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 -0.22 -0.22 Met
Jun. 30 2024 -0.17 -0.49 Missed
Mar. 31 2024 -0.30 -0.08 Beat
Dec. 31 2023 -0.20 -0.30 Missed