Earnings Outlook For Coherent
Portfolio Pulse from Benzinga Insights
Coherent (NASDAQ:COHR) is set to release its latest quarterly earnings report on November 6, 2023. Analysts estimate an earnings per share (EPS) of $0.16. The company's stock price has historically been affected by its earnings guidance. Last quarter, Coherent beat EPS estimates by $0.03, but its share price dropped by 29.87% the next day. The company's shares were trading at $31.02 as of November 2, and have increased by 2.48% over the last 52-week period.
November 03, 2023 | 2:01 pm
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Coherent is expected to report an EPS of $0.16 in its upcoming earnings report. Despite beating EPS estimates last quarter, the company's share price dropped significantly. The stock was trading at $31.02 as of November 2, and has seen a 2.48% increase over the past year.
Coherent's stock price has historically been affected more by its earnings guidance than by whether it beats or misses earnings estimates. Given that the company beat EPS estimates last quarter but still saw a significant drop in its share price, it's uncertain how the stock will react to the upcoming earnings report. However, the stock has seen a general upward trend over the past year, which may indicate investor confidence.
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