On Tuesday, August 03, Veeco Instruments VECO will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
What Are Earnings, Net Income, And Earnings Per Share?
Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.
Earnings And Revenue
Wall Street analysts see Veeco Instruments reporting earnings of $0.27 per share on revenue of $135.97 million. In the same quarter last year, Veeco Instruments reported earnings per share of $0.11 on revenue of $98.64 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street consensus estimate for earnings would represent a 145.45% increase for the company. Sales would be up 37.85% from the same quarter last year. Here is how the company's reported EPS has compared to analyst estimates in the past:
| Quarter | Q1 2021 | Q4 2020 | Q3 2020 | Q2 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.23 | 0.3 | 0.20 | 0.07 |
| EPS Actual | 0.25 | 0.3 | 0.22 | 0.11 |
| Revenue Estimate | 125.57 M | 129.11 M | 111.55 M | 97.83 M |
| Revenue Actual | 133.71 M | 138.95 M | 112.08 M | 98.64 M |
Want Real-Time Earnings Calendar Updates?
Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.
Stock Performance
Shares of Veeco Instruments were trading at $23.2 as of July 30. Over the last 52-week period, shares are up 69.06%. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release.
Do not be surprised to see the stock move on comments made during its conference call. Veeco Instruments is scheduled to hold the call at 17:00:00 ET and can be accessed here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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