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Compared to Estimates, Coherent (COHR) Q4 Earnings: A Look at Key Metrics
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Coherent (COHR - Free Report) reported $1.31 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.1%. EPS of $0.61 for the same period compares to $0.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.28 billion, representing a surprise of +2.90%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $0.60.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coherent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Networking
: $679.80 million versus the three-analyst average estimate of $674.25 million. The reported number represents a year-over-year change of +16.3%.
Revenues- Lasers
: $355.30 million versus $360.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
Revenues- Materials
: $279.30 million versus $245.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.
Shares of Coherent have returned -11.7% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Coherent (COHR) Q4 Earnings: A Look at Key Metrics
Coherent (COHR - Free Report) reported $1.31 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 9.1%. EPS of $0.61 for the same period compares to $0.41 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.28 billion, representing a surprise of +2.90%. The company delivered an EPS surprise of +1.67%, with the consensus EPS estimate being $0.60.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Coherent performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Coherent here>>>Revenues- Networking
: $679.80 million versus the three-analyst average estimate of $674.25 million. The reported number represents a year-over-year change of +16.3%.Revenues- Lasers
: $355.30 million versus $360.16 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.Revenues- Materials
: $279.30 million versus $245.18 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -3% change.Shares of Coherent have returned -11.7% over the past month versus the Zacks S&P 500 composite's -2.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.