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Earnings Preview for II-VI

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Benzinga Insights
·2 min read
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On Tuesday, February 09, II-VI (NASDAQ:IIVI) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

What Are Earnings, Net Income, And Earnings Per Share?

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Based on management's projections, II-VI analysts model for earnings of $0.9 per share on sales of $767.54 million. In the same quarter last year, II-VI reported earnings per share of $0.36 on sales of $666.33 million.

Why Analyst Estimates And Earnings Surprises Are Important

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

View more earnings on IIVI

The analyst consensus estimate would represent a 150.0% increase in the company's earnings. Sales would be up 15.19% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:

EPS Estimate

0.55

0.76

0.14

0.36

EPS Actual

0.84

1.18

0.47

0.36

Revenue Estimate

730.51 M

712.34 M

575.36 M

610.28 M

Revenue Actual

728.08 M

746.29 M

627.04 M

666.33 M

Stock Performance

Over the last 52-week period, shares are up 138.4%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. II-VI is scheduled to hold the call at 09:00:00 ET and can be accessed here.

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