The highly anticipated financial results for the third quarter of IPG Photonics Corporation (NASDAQ: IPGP) are scheduled to be disclosed on Tuesday 29th October 2024. This important update will be made available before market open, providing investors and market participants with key information regarding the company's financial status.
According to predictions from financial analysts on Wall Street, the concern is expected to report an estimated per share $0.19 profit for the quarter. Furthermore, the company is anticipated to unveil a total revenue of $227.89 million during this period.
Financial experts on Wall Street have shared their predictions regarding the company's annual performance, estimating a total revenue of $969.12 million. Additionally, they are expecting the company to report profit of $1.42 per share for the full year 2024.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $1.16. This was a direct result of the company's total revenue, which amounted to an impressive $301.4 million during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.45 | -65.6% | 257.65 M | -24.2% |
| Q1 2024 | $0.52 | -58.7% | 252.01 M | -27.4% |
| Q4 2023 | $0.89 | -17.6% | 298.89 M | -10.4% |
| Q3 2023 | $1.16 | -21.1% | 301.40 M | -13.6% |
| Q2 2023 | $1.31 | +19.1% | 339.97 M | -9.8% |
| *Growth on year-over-year basis | ||||
IPGP has scheduled a conference call on 29th October 2024 at 10:00 AM eastern time to discuss the third quarter financial results and other related information.
During Friday's trading, IPG Photonics Corporation (IPGP) shares reached a low of $76.19 and a high of $77.65, along with a total volume of 299.00 thousand shares. The stock ended the regular trading session at $76.82, marking a rise of 1.19 percent.
