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, April 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 69% buys. Analysts don't like II-VI as much as competitor Newport overall. Six out of seven analysts rate Newport a buy compared to three of five for II-VI. Analysts' rating of II-VI has stayed constant from three months prior.
- Revenue Forecasts: On average, analysts predict $134.3 million in revenue this quarter. That would represent a rise of 3.3% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.25 per share. Estimates range from $0.24 to $0.27.
What our community says:
CAPS All-Stars are enthusiastically backing the stock, with 98.9% assigning it an "outperform" rating. Most of the community backs the All-Stars, with 98.3% granting it a rating of "outperform." 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 33.2% over the past five quarters. Revenue has now gone up for three straight quarters. The company's gross margin shrank by 7.1 percentage points in the last quarter. Revenue rose 4.9% while cost of sales rose 17.6% to $83.3 million from a year earlier.
For all our II-VI-specific analysis, including earnings and beyond, add II-VI to My Watchlist.
At the time this article was published The Motley Fool owns shares of II-VI. Motley Fool newsletter services have recommended buying shares of II-VI. 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.