Illumina ILMN releases its next round of earnings this Monday, July 29. Here's Benzinga's essential guide to Illumina's Q2 earnings report.
Earnings and Revenue
Illumina earnings will be near $1.34 per share on sales of $866.16 million, according to analysts.
Illumina earnings in the same period a year ago was $1.43. Quarterly sales came in at $830 million. The Wall Street estimate would represent a 6.29% decline in the company's earnings. Sales would be up 4.36% on a year-over-year basis. In comparison to analyst estimates in the past, here's how the company's reported EPS stacks up:
Quarter | Q1 2019 | Q4 2018 | Q3 2018 | Q2 2018 |
EPS Estimate | 1.370 | 1.36 | 1.26 | 1.11 |
EPS Actual | 1.600 | 1.32 | 1.52 | 1.43 |
Stock Performance
Over the last 52-week period, shares of Illumina have declined 5.46%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Long-term shareholders are already wary of 12-month losses prior to the announcement.
Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts seem to have settled on a Neutral rating with Illumina. The strength of this rating has maintained conviction over the past three months.
Conference Call
Illumina is scheduled to hold a conference call at 5:00 p.m. ET and can be accessed here: https://edge.media-server.com/mmc/p/rcewtoem
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.