From Nasdaq: 2024-04-26 11:18:00

IPG Photonics (IPGP) will report its first-quarter 2024 results on Apr 30. Sales are expected to be $235-$365 million with earnings ranging from 30 cents to 60 cents per share. Analysts predict earnings of 48 cents per share and revenue of $250.3 million, a 27.89% decrease from last year.

The company has been impacted by lower materials processing sales and weak industrial demand, especially in Europe, North America, and Japan. Revenues from China declined by 25% in the fourth quarter of 2023. However, demand for specific products like the handheld welder, LightWELD, has been strong, benefiting top-line growth.

Despite challenging conditions, IPG Photonics is expected to benefit from strong demand for certain products due to increased investment in renewable energy solutions. With an Earnings ESP of 0.00% and a Zacks Rank #5 (Strong Sell), the odds of an earnings beat are low for IPGP. Consider other companies like Arista Networks (ANET), Advanced Micro Devices (AMD), and Silicon Motion Technology (SIMO) for potential earnings beats in their upcoming releases.

If you’re looking for stock options before the presidential election, check out the FREE Special Report by Zacks on profiting from the 2024 Presidential Election. This report includes 5 timely stock recommendations, including a medical manufacturer, rental company, energy powerhouse, aerospace and defense standout, and a chipmaker. For more information, visit Zacks Investment Research.



Read more at Nasdaq: IPG Photonics (IPGP) to Post Q1 Earnings: What’s in the Cards?