Back to top

Image: Bigstock

EMCORE (EMKR) to Report Q2 Earnings: What's in the Cards?

Read MoreHide Full Article

EMCORE (EMKR - Free Report) is set to report second-quarter fiscal 2021 results on May 5.

On Apr 19, the company announced preliminary results for the fiscal second quarter. EMCORE now expects revenues to be roughly $38.4 million compared with its previous guidance range of $34-$36 million.

The Zacks Consensus Estimate for second-quarter revenues currently stands at $35 million, indicating growth of 46.8% from the year-ago quarter’s reported figure.

The consensus mark for earnings has remained unchanged at 12 cents per share over the past 30 days, and implies growth of 192.3% from the figure reported in the year-ago quarter.

EMCORE Corporation Price and EPS Surprise


EMCORE Corporation Price and EPS Surprise

EMCORE Corporation price-eps-surprise | EMCORE Corporation Quote

Notably, the company’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, missing in the remaining one, the average earnings surprise being 55.2%.

EMCORE is expected to have benefited from strong performance of the broadband segment, driven by the continued surge in demand for the company’s Cable TV transmitters and components.

However, COVID-19’s negative impact on personnel and supply chains in the United States, China and Thailand is expected to have hurt growth in the to-be-reported quarter.

What Our Model Indicates

Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.

EMCORE has an Earnings ESP of 0.00% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks to Consider

Here are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:

Fair Isaac (FICO - Free Report) has an Earnings ESP of +15.94% and is #2 Ranked. You can see the complete list of today’s Zacks #1 Rank stocks here.

Synaptics (SYNA - Free Report) has an Earnings ESP of +1.60% and a Zacks Rank #2.

Lumentum (LITE - Free Report) has an Earnings ESP of +2.47% and is #3 Ranked.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>