Veeco Instruments 2Q Earnings Pregame Scorecard

FOXBusiness

Veeco Instruments (NASDAQ:VECO) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Thursday, July 26, 2012.

Expectations

Continue Reading Below

Analysts currently expect Veeco Instruments to come in with earnings of 32 cents per share on revenues of $134.3 million. Analysts gave estimates ranging from earnings per share to earnings per share. Over the past three months, the average estimate has moved up from 19 cents.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $6.21 per share between June 25, 2012 and July 3, 2012. Looking at change over the last three months, from April 25, 2012 and July 20, 2012, the stock price is up $5.79 (21.6%), from $26.83 to $32.62.

Company Fundamental Trends

Stock Ratings

Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 68.8% to $16.4 million (42 cents a share) from $52.6 million ($1.24 a share) the year earlier, but exceeded analyst expectations. Revenue fell 45.1% to $139.9 million from $254.7 million.

Summary

Reporting Period: 2Q

Date of Release: Thursday, July 26, 2012

EPS: 32 cents

Revenue Estimate: $134.3 million

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)