Veeco Instruments' Upcoming Earnings: What You Need to Know
Veeco Instruments (NAS: VECO) is expected to report Q2 earnings on July 26. Here's what Wall Street wants to see:
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.
- Add Veeco Instruments to My Watchlist.
The article Veeco Instruments' Upcoming Earnings: What You Need to Know originally appeared on Fool.com.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 ofMotley 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.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.