Coherent (COHR) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Coherent (COHR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Financial Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $0.70 per share, reflecting a year-over-year increase of +94.4% [3]. - Revenues are projected to reach $1.38 billion, which is a 21.6% increase compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.44% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Coherent is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +7.48% [10][11]. Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of a potential earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [8]. - Coherent currently holds a Zacks Rank of 1, suggesting a high likelihood of exceeding the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Coherent was expected to post earnings of $0.63 per share but delivered $0.74, resulting in a surprise of +17.46% [12]. - Over the past four quarters, Coherent has consistently beaten consensus EPS estimates [13]. Industry Comparison - Spotify (SPOT), another player in the Zacks Technology Services industry, is expected to report earnings per share of $1.92 for the same quarter, indicating a year-over-year change of +592.3% [17]. - Spotify's consensus EPS estimate has been revised down by 1.6% over the last 30 days, leading to a negative Earnings ESP of -16.45% [18].