Veeco Instruments Earnings: What Investors Should Watch
Veeco Instruments (NASDAQ:VECO) will report earnings after markets close on Monday, April 22nd. Veeco Instruments Inc. manufactures enabling solutions for customers in the HB-LED, solar, data storage, semiconductor, scientific research and industrial markets. The Company has technology positions in three businesses: LED & Solar Process Equipment, Data Storage Process Equipment, and Metrology Instruments.
Here is your Cheat Sheet to Veeco Instruments Earnings:
Earnings Expectations: Analysts expect earnings of $0.10 per share on revenues of $105.32 million. Currently, the company’s P/E ratio stands at 21.06.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.15 to a profit $0.11. For the current year, the average estimate is a profit of $1.32, which is better than the estimate ninety days ago.
Here’s how Veeco Instruments has been performing on an annual basis:
|Revenue ($) in millions||402.48||314.94||282.26||930.89||979.14|
|Diluted EPS ($)||-0.62||-2.40||-0.48||8.51||3.11|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Sep. 30, 2011||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012|
|Revenue ($) in millions||267.96||191.68||139.91||136.55||126.93|
|Diluted EPS ($)||0.90||0.52||0.42||0.30||0.34|
Veeco Instruments has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)