Coherent Expects Q1 Revenue Of $1.0B-$1.1B (Consensus $1.17B), Adj. EPS Of $0.05-$0.20 (Estimate $0.46)
Portfolio Pulse from Benzinga Newsdesk
Coherent Inc. has projected its Q1 revenue to be between $1.0B and $1.1B, which is below the consensus estimate of $1.17B. The company also expects its adjusted EPS to be between $0.05 and $0.20, lower than the estimated $0.46.
August 16, 2023 | 9:54 am
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NEGATIVE IMPACT
Coherent's lower than expected Q1 revenue and adjusted EPS forecasts may negatively impact its stock price in the short term.
Coherent's projected Q1 revenue and adjusted EPS are both below market expectations. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100