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NLight (LASR) Reports Q2 Loss, Tops Revenue Estimates
LASRnLIGHT(LASR) ZACKS·2024-08-01 23:25

Company Performance - nLight reported a quarterly loss of 0.10pershare,betterthantheZacksConsensusEstimateofalossof0.10 per share, better than the Zacks Consensus Estimate of a loss of 0.12, compared to a loss of 0.02pershareayearago,indicatinganearningssurpriseof16.670.02 per share a year ago, indicating an earnings surprise of 16.67% [1] - The company posted revenues of 50.51 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.64%, but down from 53.3millionyear−over−year[2]−Overthelastfourquarters,nLighthassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatesfourtimes[2]StockOutlook−nLightshareshavedeclinedapproximately10.653.3 million year-over-year [2] - Over the last four quarters, nLight has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Outlook - nLight shares have declined approximately 10.6% since the beginning of the year, while the S&P 500 has gained 15.8% [3] - The company's earnings outlook is mixed, with the current consensus EPS estimate for the coming quarter at -0.05 on revenues of 57.97million,and−57.97 million, and -0.36 on revenues of $215.39 million for the current fiscal year [7] Industry Context - The Electronics - Semiconductors industry, to which nLight belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can materially affect stock performance [5][8]