Veeco Instruments Inc expected to post earnings of 40 cents a share - Earnings Preview

Reuters
11 Feb
Veeco Instruments Inc <veco.oq> expected to post earnings of 40 cents a share - Earnings Preview </veco.oq>
  • Veeco Instruments Inc VECO.OQ VECO.O is expected to show a rise in quarterly revenue when it reports results on February 12 for the period ending December 31 2024

  • The Plainview New York-based company is expected to report a 2.0% increase in revenue to $177.381 million from $173.92 million a year ago, according to the mean estimate from 7 analysts, based on LSEG data.The company's guidance on January 14 2025, for the period ended December 31, was for revenue between $175.00 million and $185.00 million.

  • ​LSEG's mean analyst estimate for Veeco Instruments Inc is for earnings of 40 cents per share. The company's EPS guidance on January 14 2025, for the period ended December 31, was between $0.36 and $0.45

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Veeco Instruments Inc is $35.00​, above​ its last closing price of $24.38. ​​​

The company's guidance on November 6 2024 for the period ended December 31 was for Earnings before Interest and Taxes between USD23 million and USD30 million.The company's guidance on November 6 2024 for the period ended December 31 was for gross profit margin between USD43% and USD44%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

0.45

0.45

0.46

Beat

2.2

Jun. 30 2024

0.43

0.43

0.42

Missed

-2.3

Mar. 31 2024

0.41

0.41

0.45

Beat

10.5​

Dec. 31 2023

0.43

0.42

0.51

Beat

20.9

​​Sep. 30 2023

0.37

0.37

0.53

Beat

45

Jun. 30 2023

0.30

0.30

0.36

Beat

20​

Mar. 31 2023

0.20

0.20

0.30

Beat

48.5

Dec. 31 2022

0.32

0.32

0.38

Beat

18.1

This summary was machine generated February 10 at 21:49 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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