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Compared to Estimates, IPG (IPGP) Q1 Earnings: A Look at Key Metrics

IPG Photonics (IPGP) reported $252.01 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 27.4%. EPS of $0.52 for the same period compares to $1.26 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $250.33 million, representing a surprise of +0.67%. The company delivered an EPS surprise of +8.33%, with the consensus EPS estimate being $0.48.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

廣告

Here is how IPG performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Sales by Product- High-Power Continuous Wave ('CW') Lasers: $90.79 million compared to the $97.69 million average estimate based on three analysts. The reported number represents a change of -41.1% year over year.

  • Sales by Product- Medium-Power CW Lasers: $16.21 million compared to the $14.06 million average estimate based on three analysts. The reported number represents a change of +17.2% year over year.

  • Sales by Product- Pulsed Lasers: $34.82 million versus the three-analyst average estimate of $33.36 million. The reported number represents a year-over-year change of -38%.

  • Sales by Product- Quasi-Continuous Wave ('QCW') Lasers: $15.79 million versus the three-analyst average estimate of $10.40 million. The reported number represents a year-over-year change of +40%.

  • Sales by Product- Laser and Non-Laser Systems: $37.50 million versus $32.16 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.4% change.

  • Sales by Product- Other Revenue including Amplifiers, Service, Parts, Accessories and Change in Deferred Revenue: $56.89 million versus $58.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -19.3% change.

View all Key Company Metrics for IPG here>>>

Shares of IPG have returned -1.8% over the past month versus the Zacks S&P 500 composite's -2.5% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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