Laser company nLIGHT (NASDAQ: LASR) will be announcing earnings results this Thursday afternoon. Here’s what you need to know.
nLIGHT beat analysts’ revenue expectations last quarter, reporting revenues of $82.59 million, up 33.8% year on year. It was a satisfactory quarter for the company, with EPS in line with analysts’ estimates but EBITDA guidance for next quarter missing analysts’ expectations significantly.
Is nLIGHT a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting nLIGHT’s revenue to grow 2.1% year on year, slowing from the 18.9% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. nLIGHT rarely misses Wall Street’s revenue estimates.
Looking at nLIGHT’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Advanced Energy delivered year-on-year revenue growth of 50.3%, beating analysts’ expectations by 7.8%, and Bel Fuse reported revenues up 23.2%, topping estimates by 1.6%. Advanced Energy traded up 10.7% following the results while Bel Fuse was also up 3.9%.
Read our full analysis of Advanced Energy’s results here and Bel Fuse’s results here.
Investors in the electronic components segment have had steady hands going into earnings, with share prices flat over the last month. nLIGHT is down 9% during the same time and is heading into earnings with an average analyst price target of $82.13 (compared to the current share price of $35.94).
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