Fabrinet expected to post earnings of $2.03 a share - Earnings Preview

Fabrinet

02/02/2024 21:18

* Fabrinet  FN.N   FN  is expected to show a rise in
quarterly
revenue when it reports  results on February 5 for the period
ending December 31 2023
    * The Santa Clara California-based  company is expected to
report
a 4.1% increase in revenue to $696.352 million from $668.66
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on November
6 2023, for the period ended December 31, was for revenue
between $680.00 million and $700.00 million.
    * ​LSEG's mean analyst estimate for Fabrinet is for earnings
of
$2.03 per share. The company's EPS guidance on November 6 2023,
for the period ended December 31, was between $1.98 and $2.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Fabrinet is
$200.00​, below​ its last closing price of $221.79. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.86        1.86       2.00      Beat    7.5
 Jun. 30 2023  1.81        1.80       1.86      Beat    3.2
 Mar. 31 2023  1.84        1.87       1.94      Beat    3.5​
 Dec. 31 2022  1.87        1.87       1.90      Beat    1.5
 ​​Sep.        1.74        1.74       1.97      Beat    13.5
 30 2022                                                
 Jun. 30 2022  1.54        1.54       1.68      Beat    9​
 Mar. 31 2022  1.53        1.52       1.50      Missed  -1.4
 Dec. 31 2021  1.46        1.46       1.50      Beat    2.9
 This summary was machine generated February 2 at 21:18 GMT.  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)