Analysts Expect EMCORE Co. (EMKR) Will Announce Earnings of -$0.09 Per Share
Wall Street analysts expect EMCORE Co. (NASDAQ:EMKR) to report ($0.09) earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for EMCORE’s earnings. The highest EPS estimate is ($0.08) and the lowest is ($0.09). EMCORE reported earnings of $0.12 per share in the same quarter last year, which indicates a negative year over year growth rate of 175%. The business is scheduled to report its next quarterly earnings report on Tuesday, December 4th.
On average, analysts expect that EMCORE will report full-year earnings of ($0.29) per share for the current financial year, with EPS estimates ranging from ($0.40) to ($0.10). For the next financial year, analysts expect that the business will post earnings of $0.04 per share, with EPS estimates ranging from ($0.10) to $0.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for EMCORE.
EMCORE (NASDAQ:EMKR) last announced its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.18). The company had revenue of $17.72 million for the quarter, compared to analysts’ expectations of $18.02 million. EMCORE had a negative net margin of 10.45% and a negative return on equity of 6.84%.
EMKR stock remained flat at $$4.50 during trading on Monday. The company had a trading volume of 168,981 shares, compared to its average volume of 117,293. The stock has a market capitalization of $122.35 million, a PE ratio of 11.54 and a beta of 0.29. EMCORE has a 52 week low of $4.40 and a 52 week high of $8.95.
Several institutional investors have recently bought and sold shares of the company. Ariel Investments LLC increased its position in shares of EMCORE by 15.3% in the second quarter. Ariel Investments LLC now owns 2,290,816 shares of the semiconductor company’s stock valued at $11,569,000 after buying an additional 304,256 shares in the last quarter. BlackRock Inc. increased its position in shares of EMCORE by 8.1% in the first quarter. BlackRock Inc. now owns 1,384,219 shares of the semiconductor company’s stock valued at $7,891,000 after buying an additional 103,967 shares in the last quarter. Cannell Capital LLC purchased a new stake in shares of EMCORE in the second quarter valued at approximately $4,371,000. P.A.W. Capital Corp increased its position in shares of EMCORE by 5.3% in the second quarter. P.A.W. Capital Corp now owns 700,000 shares of the semiconductor company’s stock valued at $3,535,000 after buying an additional 35,000 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of EMCORE in the second quarter valued at approximately $2,134,000. Institutional investors and hedge funds own 70.66% of the company’s stock.
EMCORE Company Profile
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.
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