Coherent Corp reports results for the quarter ended June 30 - Earnings Summary

• Coherent Corp COHR.N reported quarterly adjusted earnings of $1.00​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 61 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 91 cents per share. Wall Street expected results to range from 87 cents to 98 cents per share.

• Revenue rose 16.4% to $1.53 billion from a year ago; analysts expected $1.51 billion.

• Coherent Corp's reported EPS for the quarter was a loss of 83 cents​.

• The company reported a quarterly loss of $128.8 million.

• Coherent Corp shares had risen by 30.7% this quarter and gained 23.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.6% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

• Wall Street's median 12-month price target for Coherent Corp is $104.00, about 9.6% below its last closing price of $114.01

This summary was machine generated from LSEG data August 13 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)