Illumina (NASDAQ: ILMN) releases its next round of earnings this Monday, July 29. Here's Benzinga's essential guide to Illumina's Q2 earnings report.
Earnings and Revenue
Illumina earnings will be near $1.34 per share on sales of $866.16 million, according to analysts.
Illumina earnings in the same period a year ago was $1.43. Quarterly sales came in at $830 million. The Wall Street estimate would represent a 6.29% decline in the company's earnings. Sales would be up 4.36% on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
|Quarter||Q1 2019||Q4 2018||Q3 2018||Q2 2018|
Over the last 52-week period, shares of Illumina have declined 5.46%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Illumina. The strength of this rating has maintained conviction over the past three months.
Illumina is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/rcewtoem
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