Veeco Instruments Preview Following The Company’s Updated 2022 Outlook
<p>Analysts at Oppenheimer provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/VECO'>Veeco Instruments Inc. (NASDAQ:VECO) </a>ahead of the company’s Q4 results, which are planned to be released in mid-February.</p>
<p>Following the company’s filed SEC 8-K Form with 2022 outlook, the analysts raise their estimates and price target on the company’s shares to $38 from $34.</p>
<p>Management sees 2022 sales up 14% to $660 million, ahead of the consensus estimate of $642 million.</p>
<p>The analysts expect a beat/raise set up compared to the Street estimates of Q4 sales/EPS of $151 million/$0.37 and Q1 $149 million/$0.34.  The analysts see possible upside in the second half of the year as the segment is expected to recover going into 2023.</p>

NASDAQ:VECO