On April 25, II-VI, Incorporated (Nasdaq:IIVI), a company that trades on the Nasdaq under the symbol IIVI, is scheduled to release its third quarter earnings report for the fiscal year 2017. The earnings reporting date seems to be firm according to an algorithm used by Zacks, and stock investors are paying close attention to IIVI as the date approaches.
IIVI is dedicated to the development and manufacturing of precision materials and components for use across various industries. The bulk of their products are destined for laser and fiber optic applications. Aside from imaging and medical applications, the components developed by IIVI can also be used for fast and secure data communications in settings such as cloud computing data centers.
IIVI has an excellent track record of beating analyst expectations and trading higher in the wake of the firm’s earnings reports. In fact, the earnings per share ratio reported by the company has been higher than analysts’ expectations more than 65 percent of the time. IIVI’s EPS has beat analyst expectations during the last 12/12 earnings periods.
IIVI revenues also have a strong history of beating analyst expectations, topping these estimates more than 70 percent of the time. During 11/12 of the most recent quarters, IIVI revenues have topped expectations.
Looking at the trading history of this stock over the last 12 quarters, investors who have purchased shares ahead of the earnings release have benefited from gains during the trading session immediately following the earnings release. Shares have gapped higher in 12/12 of the most recent quarters following the company’s earnings report. In 11/12 of the most recent quarters, shares of IIVI have had a positive 1-day gain in the first trading session following the release of earnings.
The current whisper numbers on Wall Street for the upcoming IIVI earnings report carry an 88.5 percent chance of an EPS surprise based on the average four-quarter EPS surprise of 59.2 percent.
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