COHERENT CORP - COHR 6 07/01/23 (IIVI) Forecast, Price Target & Analyst Ratings

NYSE:IIVI • US19247G2066

Current stock price

227.08 USD
+11.82 (+5.49%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for COHERENT CORP - COHR 6 07/01/23 (IIVI).

Forecast Snapshot

Consensus Price Target

Price Target
$203.06
-10.58% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Aug 22, 2023
Period
Q4 / 2023
EPS Estimate
$0.38
Revenue Estimate
1.172B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
74.55%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$203.06
Upside
-10.58%
From current price of $227.08 to mean target of $203.06, Based on 22 analyst forecasts
Low
$139.06
Median
$193.70
High
$423.72

Price Target Revisions

1 Month
0.00%
3 Months
-29.31%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for IIVI. The average price target is 203.06 USD. This implies a price decrease of -10.58% is expected in the next year compared to the current price of 227.08.
The average price target has been revised downward by 29.31% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

IIVI Current Analyst RatingIIVI Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10

Analyst Ratings History

IIVI Historical Analyst RatingsIIVI Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
74.55%
IIVI was analyzed by 25 analysts. The buy percentage consensus is at 79. So analysts seem to be have mildly positive about IIVI.
In the previous month the buy percentage consensus was at a similar level.
IIVI was analyzed by 25 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-08-25NeedhamMaintains Buy
2022-08-25Raymond JamesMaintains Outperform
2022-08-22NeedhamMaintains Buy
2022-08-17Deutsche BankMaintains Hold
2022-08-12Morgan StanleyDowngrade Overweight -> Equal-Weight
2022-07-25BarclaysMaintains Underweight
2022-07-05Raymond JamesMaintains Outperform
2022-07-01Craig-HallumMaintains Buy
2022-06-14Morgan StanleyMaintains Overweight
2022-05-11Raymond JamesMaintains Outperform
2022-04-14Craig-HallumMaintains Buy
2022-02-10Raymond JamesMaintains Outperform
2022-02-08NeedhamMaintains Buy
2022-01-03Raymond JamesUpgrade Market Perform -> Outperform
2021-12-15Morgan StanleyUpgrade Equal-Weight -> Overweight
2021-10-04BarclaysDowngrade Equal-Weight -> Underweight
2021-08-11BenchmarkMaintains Buy
2021-07-21CitigroupDowngrade Buy -> Neutral
2021-05-18BarclaysDowngrade Overweight -> Equal-Weight
2021-05-07Morgan StanleyMaintains Equal-Weight
2021-05-07Northland Capital MarketsUpgrade Market Perform -> Outperform
2021-03-30Canaccord GenuityMaintains Buy
2021-03-26B. Riley FBRUpgrade Neutral -> Buy
2021-02-10DA DavidsonMaintains Buy
2021-02-10BarclaysMaintains Overweight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Aug 22, 2023
Period
Q4 / 2023
EPS Estimate
$0.38
Revenue Estimate
1.172B
Revenue Q2Q
32.13%
EPS Q2Q
-60.94%
Number of Analysts
20

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
-15.50%
EPS (1 Month)
0.00%
EPS (3 Months)
-58.41%

Next Earnings Summary

IIVI is expected to report earnings on 8/22/2023. The consensus EPS estimate for the next earnings is 0.38 USD and the consensus revenue estimate is 1.17B USD.
The next earnings revenue estimate has been revised downward by 15.5% in the past 3 months. Downward revisions are a negative sign and indicate that analysts are more pessimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2023 - 2027

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025 2026 2027
Revenue
YoY % growth
IIVI revenue by date.IIVI revenue by date.
2.38B
74.69%		3.106B
30.49%		3.317B
6.78%		5.56B
67.64%		6.008B
8.06%		6.554B
9.09%		6.9B
5.28%		7.673B
11.20%
EBITDA
YoY % growth
IIVI ebitda by date.IIVI ebitda by date.
305.3M
9.43%		677.6M
121.95%		752.8M
11.10%		1.467B
94.87%		1.704B
16.16%		1.859B
9.10%		1.874B
0.80%		2.054B
9.63%
EBIT
YoY % growth
IIVI ebit by date.IIVI ebit by date.
84.4M
-54.79%		407.5M
382.82%		466.1M
14.38%		1.168B
150.59%		1.395B
19.43%		1.651B
18.35%		1.671B
1.21%		1.911B
14.38%
Operating Margin
IIVI operating margin by date.IIVI operating margin by date.
3.55%13.12%14.05%21.01%23.22%25.19%24.22%24.91%
EPS
YoY % growth
IIVI eps by date.IIVI eps by date.
2.58
0.78%		3.71
43.80%		3.72
0.27%		3.82
2.69%		4.59
20.09%		5.68
23.85%		5.69
0.10%		6.46
13.63%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		0.38
-60.94%		0.48
-54.20%		0.57
-40.13%		0.66
14.31%		0.79
105.59%		0.79
65.77%		0.91
60.00%		0.94
41.91%		1.01
28.62%
Revenue
Q2Q % growth		1.172B
32.13%		1.186B
-11.80%		1.217B
-11.19%		1.246B
0.47%		1.297B
10.67%		1.332B
12.31%		1.378B
13.23%		1.381B
10.83%		1.412B
8.87%
EBITDA
Q2Q % growth		257.19M
-33.58%		298.55M
32.57%		315.28M
-4.10%		317.89M
-45.06%		375.36M
45.95%		476.09M
59.47%		488.47M
54.93%		471.82M
48.42%		491.21M
30.86%
EBIT
Q2Q % growth		189.9M
88.96%		197.52M
153.56%		213.6M
1,749.35%		230.12M
129.12%		255.99M
34.80%		287.71M
45.66%		309.11M
44.71%		311.29M
35.27%		324M
26.57%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

IIVI Yearly Revenue VS EstimatesIIVI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B
IIVI Yearly EPS VS EstimatesIIVI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
15.16%
EPS Next 5 Year
11.68%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
25.01%
Revenue Next 5 Year
17.99%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
40.91%
EBIT Next 5 Year
25.33%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

COHERENT CORP - COHR 6 07/01/23 / IIVI Forecast FAQ

What is the average price target for COHERENT CORP - COHR 6 07/01/23 (IIVI) stock?

22 analysts have analysed IIVI and the average price target is 203.06 USD. This implies a price decrease of -10.58% is expected in the next year compared to the current price of 227.08.

Can you provide the upcoming earnings date for COHERENT CORP - COHR 6 07/01/23?

COHERENT CORP - COHR 6 07/01/23 (IIVI) will report earnings on 2023-08-22, before the market open.

Can you provide the consensus estimates for COHERENT CORP - COHR 6 07/01/23 next earnings?

The consensus EPS estimate for the next earnings of COHERENT CORP - COHR 6 07/01/23 (IIVI) is 0.38 USD and the consensus revenue estimate is 1.17B USD.

What is the expected long term growth rate for IIVI stock?

The expected long term growth rate for COHERENT CORP - COHR 6 07/01/23 (IIVI) is 25.01%.