
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.

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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