They'll probably beat, but current valuation is getting a little high
I think they'll beat on revs and EPS again this quarter, but not by too much. There will probably be a short-term pop in the stock. However, In the current $58+ range, the PPS is getting a little overvalued IMHO. I sold a chunk at $62 a couple months ago for this reason. I'm a long-term bull and holder of IPGP, but as they get bigger and the global slowdown starts to finally effect its end markets, I wouldn't expect the crazy revenue and EPS growth it had in the past in the near term. IPGP will still be the best long-term play in the laser industry without a doubt though. Also, you might want to check out NEWP - it's a different animal entirely from IPGP, but is building a nice market niche and is ridiculously undervalued!