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Veeco Instruments's Upcoming Earnings: What You Need To Know

Veeco Instruments (Nasdaq: VECO  ) is expected to report Q4 earnings around Feb. 4. 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 Veeco Instruments's revenues will shrink -43.5% and EPS will wither -86.1%.

The average estimate for revenue is $108.3 million. On the bottom line, the average EPS estimate is $0.10.

Revenue details
Last quarter, Veeco Instruments logged revenue of $126.9 million. GAAP reported sales were 53% lower than the prior-year quarter's $268.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.34. GAAP EPS of $0.34 for Q3 were 62% lower than the prior-year quarter's $0.89 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 42.3%, 430 basis points worse than the prior-year quarter. Operating margin was 9.4%, 1,820 basis points worse than the prior-year quarter. Net margin was 10.6%, 280 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $510.4 million. The average EPS estimate is $1.31.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 394 members out of 424 rating the stock outperform, and 30 members rating it underperform. Among 89 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Veeco Instruments a green thumbs-up, and eight give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Veeco Instruments is hold, with an average price target of $35.80.

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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On February 04, 2013, at 3:48 PM, jbenne10 wrote:

    Called Deb at Veeco IR, no earnings today because of accounting review. Refer to Nov 15 press release.

    Facing delisting from NASDAQ

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9/30/2016 10:12 AM
VECO $19.49 Up +0.12 +0.62%
Veeco Instruments CAPS Rating: ***