IPG Photonics Corp reports results for the quarter ended in September 30 - Earnings Summary
IPG Photonics Corp IPGP.OQ reported quarterly adjusted earnings of 29 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.16. The mean expectation of nine analysts for the quarter was for earnings of 19 cents per share. Wall Street expected results to range from 12 cents to 26 cents per share.
Revenue fell 22.6% to $233.14 million from a year ago; analysts expected $227.89 million.
IPG Photonics Corp's reported EPS for the quarter was a loss of $5.33.
The company reported a quarterly loss of $233.59 million.
IPG Photonics Corp shares had risen by 6.7% this quarter and lost 27.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 64.4% in the last three months.
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 5 "hold" and 2 "sell" or "strong sell."
The average consensus recommendation for the electronic equipment & parts peer group is also "hold"
Wall Street's median 12-month price target for IPG Photonics Corp is 88.50
This summary was machine generated from LSEG data October 29 at 05:37 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 | 0.19 | 0.29 | Beat |
Jun. 30 2024 | 0.51 | 0.45 | Missed |
Mar. 31 2024 | 0.49 | 0.52 | Beat |
Dec. 31 2023 | 0.95 | 0.89 | Missed |
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