Entegris Inc reports results for the quarter ended in March - Earnings Summary

Entegris

01/05/2024 14:32

* Entegris Inc  ENTG.OQ  reported quarterly adjusted
earnings of
68 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 65
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 62 cents per share. Wall Street expected
results to range from 60 cents to 64 cents per share.
    * Revenue fell 16.4% to $771.03 million from a year ago;
analysts
expected $769.28 million. 
    * Entegris Inc's reported EPS for the quarter was 30 cents​.
    * The company reported quarterly net income of $45.27
million.
    * Entegris Inc shares had fallen by 5.4% this quarter and
gained 10.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"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 Entegris Inc is
$148.50 
This summary was machine generated from LSEG data May 1 at 01:32
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
 Mar. 31 2024      0.62           0.68           Beat
 Dec. 31 2023      0.58           0.65           Beat
 Sep. 30 2023      0.60           0.68           Beat
 Jun. 30 2023      0.57           0.66           Beat