II-VI Incorporated (NASDAQ:IIVI) is reporting first quarter financial results on Thursday 5th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, IIVI is expected to report 1Q21 income of $ 0.55 per share from revenue of $ 730.51 million.
For the full year, analysts anticipate top line of $ 2991.43 million, while looking forward to income of $ 2.54 per share bottom line.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.45 ~ $ 0.60 per share, while revenues are expected in a range of $ 700.00 million ~ $ 750.00 million
Click Here For More Historical Outlooks Of II-VI Incorporated
Previous Quarter Performance
II-VI Incorporated unwinded income for the fourth quarter of $ 1.18 per share, from the revenue of $ 746.29 million. The quarterly earnings 107.02 percent compared with the same quarter last year. According to street consensus, IIVI was expected to report 4Q20 income of $ 0.61 per share from revenue of $ 726.10 million. The bottom line results beat street analysts by $ 0.57 or 93.44 percent, at the same time, top line results outshined analysts by $ 20.19 million or 2.78 percent.
Stock Performance
Shares of II-VI Incorporated traded up $ 0.44 or 0.94 percent on Wednesday, reaching $ 47.43 with volume of 1.08 million shares. II-VI Incorporated has traded high as $ 48.95 and has cracked $ 46.97 on the downward trend
The closing price of $ 47.43, representing a 147.32 % increase from the 52 week low of $ 19.00 and a 11.29 % decrease over the 52 week high of $ 52.97.
The company has a market capital of $ 4.93 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Recent Analyst recommendations
- On 15th October 2020, initiated by Bank of America at Buy rating, with $ 60.00 target price.
- On 7th October 2020, initiated by Stifel Nicolaus at Buy rating, with $ 50.00 target price.
- On 18th September 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
Conference Call
II-VI Incorporated will be hosting a conference call at 9:00 AM eastern time on 5th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ii-vi.com
II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates through three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials primarily used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; and compound semiconductor epitaxial and gallium arsenide wafers.