From Nasdaq Inc.: 2024-07-26 11:43:00

IPG Photonics is set to release its second-quarter 2024 results on Jul 30, expecting sales between $240-$270 million, with earnings per share projected at 30-60 cents. Consensus estimates predict earnings of 48 cents per share and revenues of $255.4 million, a 24.88% decrease from the prior year. Factors like lower materials processing sales and economic uncertainty are likely to impact results.

While IPG Photonics has a history of beating earnings estimates, the company faces challenges from lower sales in materials processing due to weak demand. On the positive side, strong demand for the LightWELD handheld welder and growth in 3D printing applications are expected to drive revenue growth. Emphasis on key growth markets and applications is also contributing to diversifying revenues.

The combination of an Earnings ESP of 0.00% and a Zacks Rank #2 for IPG Photonics doesn’t strongly indicate an earnings beat. Other companies like Arista Networks, Apple, and Cognizant Technology Solutions, with favorable Earnings ESP and Zacks Rank, could be worth considering for potential earnings beats in their upcoming reports. Analyzing these factors can help investors make informed decisions amidst volatile market conditions.



Read more at Nasdaq Inc.: IPG Photonics (IPGP) to Post Q2 Earnings: What’s in the Cards?