The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Coherent's revenues will increase 2.5% and EPS will grow 5.5%.
The average estimate for revenue is $198.2 million. On the bottom line, the average EPS estimate is $0.77.
Last quarter, Coherent booked revenue of $183.2 million. GAAP reported sales were 4.0% lower than the prior-year quarter's $190.8 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 $0.73. GAAP EPS of $0.58 for Q1 were 18% lower than the prior-year quarter's $0.71 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 42.4%, 30 basis points better than the prior-year quarter. Operating margin was 11.4%, 190 basis points worse than the prior-year quarter. Net margin was 7.7%, 120 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $798.0 million. The average EPS estimate is $3.25.
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 34 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 27 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 $58.04.
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