Coherent (COHR) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates

The upcoming report from Coherent (COHR) is expected to reveal quarterly earnings of $0.62 per share, indicating an increase of 287.5% compared to the year-ago period. Analysts forecast revenues of $1.31 billion, representing an increase of 24.5% year over year.Over the last 30 days, there has been an upward revision of 0.5% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.Given this perspective, it's time to examine the average forecasts of specific Coherent metrics that are routinely monitored and predicted by Wall Street analysts.It is projected by analysts that the 'Revenues- Materials' will reach $268.07 million. The estimate suggests a change of +9.6% year over year.Analysts forecast 'Revenues- Networking' to reach $696.08 million. The estimate points to a change of +47.2% from the year-ago quarter.Analysts predict that the 'Revenues- Lasers' will reach $346.50 million. The estimate indicates a year-over-year change of +3.3%.The consensus among analysts is that 'Revenue from Contracts- Instrumentation' will reach $110.79 million. The estimate suggests a change of +11.4% year over year.The combined assessment of analysts suggests that 'Revenue from Contracts- Communications' will likely reach $673.48 million. The estimate suggests a change of +46.6% year over year.The collective assessment of analysts points to an estimated 'Revenue from Contracts- Industrial' of $429.77 million. The estimate suggests a change of +6.3% year over year.Based on the collective assessment of analysts, 'Revenue from Contracts- Electronics' should arrive at $95.40 million. The estimate points to a change of +6.2% from the year-ago quarter.View all Key Company Metrics for Coherent here>>>Shares of Coherent have experienced a change of -3.2% in the past month compared to the +0.4% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), COHR is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coherent Corp. (COHR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks