Fabrinet expected to post earnings of $2.25 a share - Earnings Preview

Fabrinet

16/08/2024 21:17

* Fabrinet  FN.N   FN  is expected to show a rise in
quarterly
revenue when it reports  results on August 19 for the period
ending June 30 2024
    * The George Town Cayman Islands-based   company is expected
to
report a 11.7% increase in revenue to $732.886 million from
$655.87 million a year ago, according to the mean estimate from
6 analysts, based on LSEG data.The company's guidance on May 6
2024, for the period ended June 30, was for revenue between
$720.00 million and $740.00 million.
    * ​LSEG's mean analyst estimate for Fabrinet is for earnings
of
$2.25 per share. The company's EPS guidance on May 6 2024, for
the period ended June 30, was between $2.20 and $2.27 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"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
$245.00​, above​ its last closing price of $230.47. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  2.11        2.11       2.39      Beat    13.2
 Dec. 31 2024  2.04        2.03       2.08      Beat    2.5
 Sep. 30 2023  1.86        1.86       2.00      Beat    7.5​
 Jun. 30 2023  1.81        1.80       1.86      Beat    3.2
 ​​Jan.        1.84        1.87       1.94      Beat    3.5
 1 0001                                                 
 Dec. 31 2022  1.87        1.87       1.90      Beat    1.5​
 Sep. 30 2022  1.74        1.74       1.97      Beat    13.5
 Jan. 1 0001   1.54        1.54       1.68      Beat    9
 This summary was machine generated August 16 at 20:17 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)