Coherent Earnings: Everything You Must Know Now

Coherent Inc. (NASDAQ:COHR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Coherent Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 15.07% to $0.84 in the quarter versus EPS of $0.73 in the year-earlier quarter.

Revenue: Rose 3.53% to $200.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Coherent Inc. reported adjusted EPS income of $0.84 per share. By that measure, the company beat the mean analyst estimate of $0.80. It beat the average revenue estimate of $198.17 million.

Quoting Management: “Demand improved across many of our commercial end markets. We posted record bookings for materials processing including our first volume order for the Highlight™ 1000FL fiber laser for flatbed cutting, strong orders for the Highlight™ D-Series direct diode system for additive manufacturing and several orders for Diamond™ E-1000 lasers to be used in converting. The advanced packaging (AMEX:API) market continued to build momentum with orders rising sequentially and year-over-year due to rising demand for any layer HDI PCBs for mobile devices and high-end IC substrates. Orders also picked up in the semicap market as utilization rates rose and end users increased their service needs and expanded capacity for advanced nodes. Bookings for medical OEM applications were at an all-time high and benefitted from our recent acquisition of Lumera Laser. The only market to exhibit softness was the research market where stronger demand in Asia could not overcome the effects of sequestration in the U.S. and belt tightening in Europe,” said John Ambroseo, Coherent’s President and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 9.22% from $183.2 million in the previous quarter. EPS increased 15.07% from $0.73 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.84 to a profit $0.87. For the current year, the average estimate has moved up from a profit of $3.17 to a profit of $3.35 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)