Veeco Instruments Earnings: What Investors Should Watch

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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.

Analyst Trends:

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.

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Earnings Trends:

Here’s how Veeco Instruments has been performing on an annual basis:

Fiscal Year 2007 2008 2009 2010 2011
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

Past Performance:
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)

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