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IPG Photonics to Post Q2 Earnings: What's in the Cards?

IPG Photonics (NASDAQ: IPGP) is slated to release its second-quarter 2024 results on Jul 30. For the second quarter, the company anticipates sales in the range of $240-$270 million. Earnings per share are projected between 30 cents and 60 cents. The Zacks Consensus Estimate for earnings is pegged at 48 cents per share, unchanged over the past 30 days. The company reported earnings of $1.31 per share in the year-ago quarter. The consensus mark for revenues stands at $255.4 million, suggesting a decrease of 24.88% from the year-ago quarter. IPG Photonics Corporation Price and EPS Surprise IPG Photonics Corporation price-eps-surprise | IPG Photonics Corporation Quote IPG Photonics' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters while missing the same once, the average surprise being 5.63%. Let's see how things have shaped up for this announcement. Factors to Note IPG Photonics is expected to have suffered from lower materials processing sales, primarily due to weakness in cutting and marking applications. The Zacks Consensus Estimate for Materials Processing revenues for the second ...