II-VI Earnings Preview
Investors never know what to expect for II-VI (NAS: IIVI) , as it has wavered between topping and missing analysts estimates during the past fiscal year. The company will unveil its latest earnings on Tuesday, Jan. 24. 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?: The majority of analysts back II-VI as a buy. But with 60% of analysts rating it a buy, II-VI is still below the mean analyst rating of its nearest 10 competitors, which average 61.5% buys. Analysts don't like II-VI as much as competitor Newport overall. Five out of seven analysts rate Newport a buy compared to three of five for II-VI. Wall Street has warmed to the stock over the past three months, with analysts increasing their endorsement from hold to moderate buy.
- Revenue forecasts: On average, analysts predict $127.8 million in revenue this quarter. That would represent a rise of 5.7% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.20 per share. Estimates range from $0.18 to $0.23.
What our community says:
CAPS All-Stars are solidly backing the stock with 98.9% assigning it an "outperform" rating. The community at large agrees with the All-Stars with 98.3% giving it a rating of "outperform." Fools are keen on II-VI and haven't been shy with their opinions lately, logging 276 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 95.9% over the past five quarters.
For all our II-VI-specific analysis, including earnings and beyond, add II-VI to My Watchlist.
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At the time this article was published
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