What to Expect From Coherent’s Upcoming Q1 Results?
<p>Deutsche Bank analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/COHR'>Coherent Corp. (NASDAQ:COHR)</a> ahead of the upcoming Q1 earnings announcement on Nov 9.</p>
<p>The analysts expect the healthy demand dynamics in data centers/telecom to lead to continued revenue growth in the company’s communications business, and believe the recent share gains in sensing to support the growth of its consumer business on the launch of new high-end smartphones. </p>
<p>However, the analysts view the slowing PMIs across geographies as a source of risk to legacy Coherent, as over half of its segments are currently exposed to macro dynamics. </p>
<p>The analysts lowered their fiscal 2023 revenue/EPS estimates from $5.6 billion/$4.50 to $5.5 billion/$4.00 and lower their price target to $45 from $58 on the more uncertain demand dynamics. The analysts believe risk/reward at current levels is relatively balanced and reiterate their Hold rating.</p>

NASDAQ:COHR