nLIGHT (LASR) Q2 Earnings: What To Expect

Laser company nLIGHT (NASDAQGS:LASR) will be announcing earnings results tomorrow afternoon. Here's what to look for.

nLIGHT met analysts' revenue expectations last quarter, reporting revenues of $44.53 million, down 17.7% year on year. It was a weaker quarter for the company, with a miss of analysts' earnings 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 decline 7.7% year on year to $49.19 million, improving from the 12.4% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.13 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 three times over the last two years.

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. Corning delivered year-on-year revenue growth of 3.5%, meeting analysts' expectations, and Littelfuse reported a revenue decline of 8.7%, topping estimates by 3.4%.

Read our full analysis of Corning's results here and Littelfuse's results here.

There has been positive sentiment among investors in the electronic components segment, with share prices up 9.4% on average over the last month. nLIGHT is up 9.3% during the same time and is heading into earnings with an average analyst price target of $15.8 (compared to the current share price of $11.85).

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