EMCORE (NASDAQ:EMKR) Releases Q2 2021 Earnings Guidance

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EMCORE (NASDAQ:EMKR) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $38.40 million-$38.40 million, compared to the consensus revenue estimate of $35 million.

A number of equities analysts have commented on the company. Craig Hallum began coverage on EMCORE in a research note on Wednesday, March 10th. They issued a buy rating and a $10.50 price target on the stock. Zacks Investment Research lowered EMCORE from a buy rating to a hold rating in a research report on Tuesday, April 6th.

Shares of EMKR stock traded down $0.05 during trading hours on Tuesday, reaching $6.19. The company’s stock had a trading volume of 6,728 shares, compared to its average volume of 587,654. The stock has a market capitalization of $228.03 million, a P/E ratio of -24.88 and a beta of 1.24. EMCORE has a one year low of $2.51 and a one year high of $8.20. The firm’s fifty day simple moving average is $6.16 and its 200 day simple moving average is $5.32.

EMCORE (NASDAQ:EMKR) last issued its quarterly earnings data on Thursday, February 4th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. EMCORE had a negative return on equity of 9.18% and a negative net margin of 6.33%. The firm had revenue of $33.43 million for the quarter, compared to analyst estimates of $33.27 million. Analysts expect that EMCORE will post 0.19 earnings per share for the current year.

EMCORE Company Profile

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. The company offers cable television (CATV) products, including forward and return-path analog lasers, receivers, photodetectors, and subassembly components; and analog and digital fiber-optic transmitters, quadrature amplitude modulation transmitters, optical switches, and CATV fiber amplifiers.

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