Options traders believe Coherent (COHR) shares are poised for another leg higher after the optical materials and semiconductor firm reports its fiscal Q4 earnings late on Aug. 12. Consensus is for Coherent to report $1.43 in earnings per share (EPS) for its fourth financial quarter — up a remarkable 93.24% on a year-over-year basis.
The quarterly release is particularly significant given Coherent stock has already rallied some 40% since the start of this month.
