The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Veeco Instruments's revenues will decrease 49.4% and EPS will drop 71.6%.
The average estimate for revenue is $134.0 million. On the bottom line, the average EPS estimate is $0.38.
Last quarter, Veeco Instruments recorded revenue of $139.9 million. GAAP reported sales were 45% lower than the prior-year quarter's $254.7 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 $0.49. GAAP EPS of $0.42 for Q1 were 66% lower than the prior-year quarter's $1.23 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 46.7%, 470 basis points worse than the prior-year quarter. Operating margin was 15.1%, 1,930 basis points worse than the prior-year quarter. Net margin was 11.7%, 900 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $547.0 million. The average EPS estimate is $1.52.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 407 members out of 439 rating the stock outperform, and 31 members rating it underperform. Among 80 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 71 give Veeco Instruments a green thumbs-up, and nine 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 $29.50.
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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. 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.