nLIGHT (LASR) Q3 Earnings Report Preview: What To Look For

Laser company nLIGHT (NASDAQ:LASR) will be reporting earnings tomorrow afternoon. Here’s what to look for.

nLIGHT beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $50.51 million, down 5.2% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ earnings and EBITDA estimates.

Is nLIGHT a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting nLIGHT’s revenue to grow 9.3% year on year to $55.37 million, a reversal from the 15.7% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. nLIGHT has missed Wall Street’s revenue estimates twice over the last two years.

Looking at nLIGHT’s peers in the electronic components segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vicor’s revenues decreased 13.6% year on year, beating analysts’ expectations by 9.3%, and Belden reported revenues up 4.5%, topping estimates by 1.7%. Vicor traded up 13.9% following the results while Belden was down 1.9%.

Read our full analysis of Vicor’s results here and Belden’s results here.

There has been positive sentiment among investors in the electronic components segment, with share prices up 2.7% on average over the last month. nLIGHT is up 11.7% during the same time and is heading into earnings with an average analyst price target of $15.75 (compared to the current share price of $12.44).

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