U.S. Markets open in 4 hrs 56 mins

Q2 Earnings Preview For Illumina

Benzinga Newsdesk

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:

View more earnings on ILMN

 

Quarter Q1 2019 Q4 2018 Q3 2018 Q2 2018
EPS Estimate 1.370 1.36 1.26 1.11
EPS Actual 1.600 1.32 1.52 1.43

Stock Performance

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.

Conference Call

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

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.