Aehr Test Systems reports results for the quarter ended in February - Earnings Summary

AEHR Test Systems

10/04/2024 24:20

* Aehr Test Systems  AEHR.OQ  reported a quarterly adjusted
loss
of 3 cents​​ per share for the quarter ended in February, lower
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of two analysts for the
quarter was for a loss of 4 cents per share. Wall Street
expected results to range from -4 cents to -3 cents per share.
    * Revenue fell 56% to $7.56 million from a year ago;
analysts
expected $7.61 million. 
    * The company reported a quarterly loss of $1.47 million.
    * Aehr Test Systems shares had fallen by 6.2% this
quarter and
lost 56.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 112.5% in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Aehr Test Systems
is $12.00 
This summary was machine generated from LSEG data April 9 at
11:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      -0.03          -0.03          Met
 Nov. 30 2023      0.19           0.23           Beat
 Aug. 31 2023      0.16           0.18           Beat
 May. 31 2023      0.22           0.23           Beat