Coherent (Nasdaq: COHR ) is expected to report Q1 earnings on Jan. 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Coherent's revenues will shrink -2.4% and EPS will decrease -13.4%.
The average estimate for revenue is $186.2 million. On the bottom line, the average EPS estimate is $0.71.
Last quarter, Coherent logged revenue of $188.7 million. GAAP reported sales were 9.3% lower than the prior-year quarter's $208.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.71. GAAP EPS of $0.52 for Q4 were 58% lower than the prior-year quarter's $1.25 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 41.2%, 210 basis points worse than the prior-year quarter. Operating margin was 11.2%, 420 basis points worse than the prior-year quarter. Net margin was 6.7%, 840 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $785.9 million. The average EPS estimate is $3.29.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 84 members out of 97 rating the stock outperform, and 13 members rating it underperform. Among 40 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Coherent a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Coherent is outperform, with an average price target of $62.96.
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