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Seeking Clues to Coherent (COHR) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
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In its upcoming report, Coherent (COHR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.60 per share, reflecting an increase of 46.3% compared to the same period last year. Revenues are forecasted to be $1.28 billion, representing a year-over-year increase of 6.1%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Coherent metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenues- Networking' of $674.25 million. The estimate points to a change of +15.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues- Lasers' should come in at $361.69 million. The estimate indicates a year-over-year change of +8.8%.
Based on the collective assessment of analysts, 'Revenues- Materials' should arrive at $245.18 million. The estimate suggests a change of -14.9% year over year.
Over the past month, shares of Coherent have returned -19.2% versus the Zacks S&P 500 composite's -4.5% change. Currently, COHR carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Seeking Clues to Coherent (COHR) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
In its upcoming report, Coherent (COHR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.60 per share, reflecting an increase of 46.3% compared to the same period last year. Revenues are forecasted to be $1.28 billion, representing a year-over-year increase of 6.1%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Coherent metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenues- Networking' of $674.25 million. The estimate points to a change of +15.3% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues- Lasers' should come in at $361.69 million. The estimate indicates a year-over-year change of +8.8%.
Based on the collective assessment of analysts, 'Revenues- Materials' should arrive at $245.18 million. The estimate suggests a change of -14.9% year over year.
View all Key Company Metrics for Coherent here>>>
Over the past month, shares of Coherent have returned -19.2% versus the Zacks S&P 500 composite's -4.5% change. Currently, COHR carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>