EMCORE (EMKR) to Release Quarterly Earnings on Thursday

EMCORE (NASDAQ:EMKR) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect EMCORE to post earnings of ($0.17) per share for the quarter. EMCORE has set its Q3 2019 guidance at EPS.

EMCORE (NASDAQ:EMKR) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. EMCORE had a negative net margin of 27.99% and a negative return on equity of 16.56%. The firm had revenue of $21.75 million for the quarter, compared to analysts’ expectations of $22.56 million. On average, analysts expect EMCORE to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of EMCORE stock traded up $0.04 on Tuesday, hitting $2.92. 53,594 shares of the company traded hands, compared to its average volume of 186,294. The stock’s 50-day moving average is $3.15. EMCORE has a 12-month low of $2.68 and a 12-month high of $5.54. The company has a market cap of $80.24 million, a P/E ratio of -5.51 and a beta of 0.19.

Several research firms have recently commented on EMKR. Zacks Investment Research upgraded shares of EMCORE from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Northland Securities set a $5.00 price target on shares of EMCORE and gave the company a “buy” rating in a report on Friday, July 12th. ValuEngine upgraded shares of EMCORE from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Lake Street Capital set a $5.00 price target on shares of EMCORE and gave the company a “buy” rating in a report on Friday, July 12th. Finally, B. Riley upgraded shares of EMCORE from a “neutral” rating to a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $5.05.

About EMCORE

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products.

Read More: The Structure of a Futures Contract

Earnings History for EMCORE (NASDAQ:EMKR)

Receive News & Ratings for EMCORE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EMCORE and related companies with MarketBeat.com's FREE daily email newsletter.