IPG Photonics (IPGP) To Report Earnings Tomorrow: Here Is What To Expect

Fiber laser manufacturer IPG Photonics (NASDAQ:IPGP) will be reporting earnings this Tuesday morning. Here’s what investors should know.

IPG Photonics beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $227.8 million, down 9.6% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ EPS estimates and a solid beat of analysts’ adjusted operating income estimates.

Is IPG Photonics a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting IPG Photonics’s revenue to decline 11% year on year to $229.2 million, improving from the 24.2% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. IPG Photonics has missed Wall Street’s revenue estimates four times over the last two years.

Looking at IPG Photonics’s peers in the semiconductor manufacturing segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Amkor delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 6.3%, and Lam Research reported revenues up 33.6%, topping estimates by 3.3%. Amkor traded up 18.1% following the results while Lam Research was down 4.3%.

Read our full analysis of Amkor’s results here and Lam Research’s results here.

Investors in the semiconductor manufacturing segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. IPG Photonics is up 3.3% during the same time and is heading into earnings with an average analyst price target of $68 (compared to the current share price of $73.70).

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