EMCORE (US:EMKR) ZACKS·2024-08-06 22:25Group 1 - Emcore reported a quarterly loss of $0.49 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.06, marking an earnings surprise of -716.67% [1] - The company's revenues for the quarter ended June 2024 were $20.44 million, exceeding the Zacks Consensus Estimate by 2.18%, but down from $26.7 million a year ago [2] - Emcore shares have declined approximately 77.7% year-to-date, contrasting with the S&P 500's gain of 8.7% [3] Group 2 - The earnings outlook for Emcore is mixed, with the current consensus EPS estimate for the upcoming quarter at -$0.03 on revenues of $21.3 million, and -$0.21 on revenues of $85 million for the current fiscal year [7] - The Zacks Industry Rank places Electronics - Manufacturing Machinery in the top 44% of over 250 Zacks industries, indicating that the industry outlook can significantly impact stock performance [8]