IPG Photonics (IPGP) reported $252.01 million in income for the quarter ended March 2024, representing a year-over-year decline of 27.4%. EPS of $0.52 for a similar interval compares to $1.26 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $250.33 million, representing a shock of +0.67%. The corporate delivered an EPS shock of +8.33%, with the consensus EPS estimate being $0.48.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they evaluate with Wall Road expectations to find out their subsequent transfer, some key metrics all the time supply a extra correct image of an organization’s monetary well being.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps buyers higher challenge a inventory’s worth efficiency.
Right here is how IPG carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Gross sales by Product- Excessive-Energy Steady Wave (‘CW’) Lasers: $90.79 million in comparison with the $97.69 million common estimate based mostly on three analysts. The reported quantity represents a change of -41.1% yr over yr.
- Gross sales by Product- Medium-Energy CW Lasers: $16.21 million in comparison with the $14.06 million common estimate based mostly on three analysts. The reported quantity represents a change of +17.2% yr over yr.
- Gross sales by Product- Pulsed Lasers: $34.82 million versus the three-analyst common estimate of $33.36 million. The reported quantity represents a year-over-year change of -38%.
- Gross sales by Product- Quasi-Steady Wave (‘QCW’) Lasers: $15.79 million versus the three-analyst common estimate of $10.40 million. The reported quantity represents a year-over-year change of +40%.
- Gross sales by Product- Laser and Non-Laser Programs: $37.50 million versus $32.16 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -9.4% change.
- Gross sales by Product- Different Income together with Amplifiers, Service, Components, Equipment and Change in Deferred Income: $56.89 million versus $58.68 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -19.3% change.
View all Key Company Metrics for IPG here>>>
Shares of IPG have returned -1.8% over the previous month versus the Zacks S&P 500 composite’s -2.5% change. The inventory presently has a Zacks Rank #5 (Robust Promote), indicating that it might underperform the broader market within the close to time period.
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IPG Photonics Corporation (IPGP) : Free Stock Analysis Report
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