What's In The Offing For IPG Photonics' (IPGP) Q2 Earnings?
Zacks Investment Research | Jul 25, 2019 08:55AM ET
IPG Photonics Corporation (NASDAQ:IPGP) is scheduled to report second-quarter 2019 results on Jul 30.
Notably, the company beat the Zacks Consensus Estimate in two of the trailing four quarters, with an average negative surprise of 0.51%.
Past-Quarter Performance
The company had reported first-quarter 2019 adjusted earnings of $1.02 per share, lagging the Zacks Consensus Estimate by 2 cents.
Further, revenues declined 9% from the year-ago quarter to $315 million. However, the figure had surpassed the Zacks Consensus Estimate by 3.5%.
Guidance & Estimates
For the second quarter, IPG Photonics expects sales in the range of $340 million to $370 million. The Zacks Consensus Estimate for revenues is currently pegged at $356.56 million, indicating a decline of almost 13.8% from the year-ago quarter.
Management projected earnings in the range of $1.25-$1.55 per share.. The Zacks Consensus Estimate for earnings is pegged at $1.41 per share, suggesting a fall of approximately 37.1% from the year-ago reported figure. Notably, estimates have declined 1.4% in the past 30 days
Let’s see how things are shaping up prior to this announcement.
IPG Photonics Corporation Price and EPS Surprise
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