Coherent Expects Q4 Revenue Of $1.23B-$1.32B (Est $1.273B), Adj EPS Of $0.52-$0.68 (Est $0.56)
Portfolio Pulse from Benzinga Newsdesk
Coherent anticipates its Q4 revenue to be between $1.23 billion and $1.32 billion, with adjusted EPS ranging from $0.52 to $0.68. These projections are in line with analysts' expectations, which estimate revenue at $1.273 billion and adjusted EPS at $0.56.
May 06, 2024 | 8:29 pm
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NEUTRAL IMPACT
Coherent's Q4 revenue and adjusted EPS forecasts are closely aligned with analyst expectations, indicating a stable financial outlook.
Coherent's guidance for Q4 revenue and adjusted EPS is in line with analyst estimates, suggesting no significant surprises in the financial performance. This alignment typically leads to a neutral short-term impact on the stock price, as the market expectations are already reflected in the current valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100