Rogers Q2 adjusted EPS misses analyst expectations despite high industrial, electronics demand
ROG•Outlook
- Rogers sees Q3 net sales of $233 mln to $243 mln
- Company expects Q3 adjusted EPS of $1.10 to $1.30
- Rogers forecasts Q3 gross margin of 33.2% to 34.2%
Overview
- U.S. engineered materials maker's Q2 sales rose 6.9% year-over-year
- Adjusted EPS for Q2 missed analyst expectations
- Sales growth driven by industrial and electronics end markets, aided by favorable currency impact
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Slight Beat* | $216.80 mln | $215.50 mln (2 Analysts) |
| Q2 Adjusted EPS | Miss | $0.92 | $0.99 (3 Analysts) |
| Q2 Adjusted EBITDA | $37.60 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell".
The average consensus recommendation for the semiconductors peer group is "buy".
Wall Street's median 12-month price target for Rogers Corp is $200.00, about 54.7% above its July 27 closing price of $129.32.
