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Analysts at Oppenheimer provided their outlook on Veeco Instruments Inc. (NASDAQ:VECO) ahead of the company’s Q4 results, which are planned to be released in mi

Veeco Instruments Preview Following The Company’s Updated 2022 Outlook

Jan 12, 2022 7:53 PM - Davit Kirakosyan

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Analysts at Oppenheimer provided their outlook on Veeco Instruments Inc. (NASDAQ:VECO) ahead of the company’s Q4 results, which are planned to be released in mid-February.

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.

Management sees 2022 sales up 14% to $660 million, ahead of the consensus estimate of $642 million.

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.

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