Laser company nLIGHT (NASDAQ: LASR) will be announcing earnings results this Thursday after the bell. Here’s what investors should know.
nLIGHT beat analysts’ revenue expectations by 9.1% last quarter, reporting revenues of $51.67 million, up 16% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is nLIGHT a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting nLIGHT’s revenue to grow 10.1% year on year to $55.63 million, a reversal from the 5.2% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.09 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. nLIGHT has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.8% on average.
Looking at nLIGHT’s peers in the electronic components segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Bel Fuse delivered year-on-year revenue growth of 26.3%, beating analysts’ expectations by 10.1%, and Littelfuse reported revenues up 9.8%, topping estimates by 6.8%. Bel Fuse traded up 18.8% following the results while Littelfuse was also up 9.1%.
Read our full analysis of Bel Fuse’s results here and Littelfuse’s results here.
There has been positive sentiment among investors in the electronic components segment, with share prices up 2.1% on average over the last month. nLIGHT is up 7% during the same time and is heading into earnings with an average analyst price target of $17.17 (compared to the current share price of $20.30).
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