EMCORE - EMKR Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EMCORE in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EMKR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMKR, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued 12 month target prices for EMCORE's stock. Their EMKR share price forecasts range from $4.50 to $4.50. On average, they anticipate the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 163.2% from the stock's current price.
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EMCORE's stock was trading at $6.98 on January 1st, 2022. Since then, EMKR stock has decreased by 75.5% and is now trading at $1.71.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 29th 2022.
View our EMKR earnings forecast.

EMCORE Co. (NASDAQ:EMKR) posted its quarterly earnings results on Tuesday, November, 30th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The semiconductor company earned $43.95 million during the quarter, compared to analysts' expectations of $43 million. EMCORE had a negative net margin of 1.67% and a positive trailing twelve-month return on equity of 0.27%. During the same quarter in the prior year, the firm earned $0.07 EPS.

EMCORE updated its fourth quarter 2022 earnings guidance on Tuesday, September, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $24.00 million-$26.00 million, compared to the consensus revenue estimate of $29.02 million.

26 employees have rated EMCORE Chief Executive Officer Hong Q. Hou on Glassdoor.com. Hong Q. Hou has an approval rating of 43% among the company's employees. This puts Hong Q. Hou in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other EMCORE investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Pure Storage (PSTG), Riot Blockchain (RIOT), Enphase Energy (ENPH), Boeing (BA), Mastercard (MA), AT&T (T), Advanced Micro Devices (AMD) and Nokia Oyj (NOK).

EMCORE trades on the NASDAQ under the ticker symbol "EMKR."

Shares of EMKR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EMKR stock can currently be purchased for approximately $1.71.

EMCORE (NASDAQ:EMKR) has a market capitalization of $64.21 million and generates $158.44 million in revenue each year. The semiconductor company earns $25.64 million in net income (profit) each year or ($0.07) on an earnings per share basis.

The company employs 365 workers across the globe.

EMCORE's mailing address is 2015 W. Chestnut Street, Alhambra CA, 91803. The official website for the company is www.emcore.com. The semiconductor company can be reached via phone at (626) 293-3400, via email at investor_emkr@emcore.com, or via fax at 626-293-3428.