• IPG Photonics Corp IPGP.OQ reported quarterly adjusted earnings of 18 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 89 cents. The mean expectation of eight analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 14 cents to 27 cents per share.

• Revenue fell 21.6% to $234.34 million from a year ago; analysts expected $227.40 million.

• IPG Photonics Corp's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $7.82 million.

• IPG Photonics Corp shares had fallen by 7.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 6 "hold" and 3 "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "hold"

Wall Street's median 12-month price target for IPG Photonics Corp is $92.00

This summary was machine generated from LSEG data February 11 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)