Laser company nLIGHT (NASDAQ:LASR) will be reporting earnings this Thursday after market hours. Here’s what you need to know.
nLIGHT beat analysts’ revenue expectations last quarter, reporting revenues of $80.18 million, up 55.2% year on year. It was an incredible quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates.
Is nLIGHT a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting nLIGHT’s revenue to grow 27.9% year on year, improving from the 22.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. nLIGHT rarely misses Wall Street’s revenue estimates.
Looking at nLIGHT’s peers in the electronic components segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Advanced Energy delivered year-on-year revenue growth of 30%, beating analysts’ expectations by 5.6%, and Littelfuse reported revenues up 20.4%, topping estimates by 5.4%. Advanced Energy traded up 15.1% following the results while Littelfuse was also up 12.7%.
Read our full analysis of Advanced Energy’s results here and Littelfuse’s results here.
Investors in the electronic components segment have had steady hands going into earnings, with share prices flat over the last month. nLIGHT is up 18.8% during the same time and is heading into earnings with an average analyst price target of $90.71 (compared to the current share price of $77.55).
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