II-VI Earnings Preview
Investors are on the edge of their collective seats, hoping that II-VI (NAS: IIVI) will top analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings Tuesday. II-VI develops, manufactures, and markets products for a diversified customer base, including industrial manufacturing, military and aerospace, electronics and telecommunications, and thermo-electronics applications.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on II-VI with three of five analysts rating it hold. Analysts don't like II-VI as much as competitor Newport overall. Four out of six analysts rate Newport a buy compared with two of five for II-VI. II-VI's rating hasn't changed over the past three months.
- Revenue forecasts: On average, analysts predict $134.5 million in revenue this quarter. That would represent a rise of 18.8% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.35 per share. Estimates range from $0.34 to $0.36.
What our community says:
CAPS All-Stars are solidly behind the stock with 99% assigning it an "outperform" rating. The community at large agrees with the All-Stars with 98.3% giving it a rating of "outperform." Fools have embraced II-VI and haven't been shy with their opinions lately, logging 267 posts in the past 30 days. II-VI has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
II-VI's profit has risen year over year by an average of more than twofold.
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At the time this article was published
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