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Coherent (COHR) Q4 Earnings Report Preview: What To Look For

COHR Cover Image

Materials and photonics company Coherent (NYSE: COHR) will be announcing earnings results this Wednesday after market hours. Here’s what to look for.

Coherent beat analysts’ revenue expectations by 3.1% last quarter, reporting revenues of $1.58 billion, up 17.3% year on year. It was a stunning quarter for the company, with an impressive beat of analysts’ EPS guidance for next quarter estimates and revenue guidance for next quarter exceeding analysts’ expectations.

Is Coherent a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting Coherent’s revenue to grow 14.2% year on year to $1.64 billion, slowing from the 26.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.21 per share.

Coherent Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Coherent has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 2.9% on average.

Looking at Coherent’s peers in the tech hardware & electronics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Amphenol delivered year-on-year revenue growth of 49.1%, beating analysts’ expectations by 3.3%, and Plexus reported revenues up 9.6%, in line with consensus estimates. Amphenol traded down 10% following the results while Plexus was up 9.3%.

Read our full analysis of Amphenol’s results here and Plexus’s results here.

Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices up 1.6% on average over the last month. Coherent is up 19.8% during the same time and is heading into earnings with an average analyst price target of $195.84 (compared to the current share price of $224.00).

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