Street Reports

Featured Stock: Coherent Inc. (COHR)

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The shares of Coherent Inc. (NASDAQ:COHR) currently has mean rating of 1.50 while 2 analysts have recommended the shares as “BUY”, 2 recommended as “OUTPERFORM” and 0 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 211.94M by 5 analysts. The means estimate of sales for the year ending September-16 is 836.67M by 5 analysts.

The mean price target for the shares of Coherent Inc. (COHR) is at 113.20 while the highest price target suggested by the analysts is 116.00 and low price target is 105.00. The mean price target is calculated keeping in view the consensus of 5 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Coherent Inc. (COHR) stands at 1.11 while the EPS for the current year is fixed at 4.54 by 4 analysts.

The next one year’s EPS estimate is set at 6.08 by 4 analysts while a year ago the analysts suggested the company’s EPS at 4.54. The analysts also projected the company’s long-term growth at -10.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Coherent Inc. (COHR) reported earnings of $1.04. The posted earnings topped the analyst’s consensus by $0.05 with the surprise factor of 5.10%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On April 28, 2016 Coherent Inc. (COHR) announced financial results for its second fiscal quarter ended April 2, 2016.

SECOND FISCAL QUARTER DETAILS

For the second fiscal quarter ended April 2, 2016, Coherent announced net sales of $199.9 million and net income, on a U.S. generally accepted accounting principles (GAAP) basis, of $17.8 million, or $0.73 per diluted share.  These results compare to net sales of $203.7 million and net income of $18.4 million, or $0.74 per diluted share, for the second quarter of fiscal 2015.

Non-GAAP net income for the second quarter of fiscal 2016 was $25.3 million, or $1.04 per diluted share.  Non-GAAP net income for the second quarter of fiscal 2015 was $23.4 million, or $0.94 per diluted share. Reconciliations of GAAP to non-GAAP financial measures for the three months ended April 2, 2016, January 2, 2016 and April 4, 2015 appear in the financial statements portion of this release under the heading “Reconciliation of GAAP to Non-GAAP net income.”

Net sales for the first quarter of fiscal 2016 were $190.3 million and net income, on a GAAP basis, was $20.3 million, or $0.84 per diluted share. Non-GAAP net income for the first quarter of fiscal 2016 was $23.9 million, or $0.99 per diluted share.

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