Fabrinet expected to post earnings of $2.38 a share - Earnings Preview

Fabrinet

02/11/2024 04:09

* Fabrinet  FN.N   FN  is expected to show a rise in
quarterly
revenue when it reports  results on November 4 for the period
ending January 1 0001
    * The George Town Cayman Islands-based   company is expected
to
report a 12.4% increase in revenue to $770.372 million from
$685.48 million a year ago, according to the mean estimate from
5 analysts, based on LSEG data.The company's guidance on August
19 2024, for the period ended September 30, was for revenue
between $760.00 million and $780.00 million.
    * ​LSEG's mean analyst estimate for Fabrinet is for earnings
of
$2.38 per share. The company's EPS guidance on August 19 2024,
for the period ended September 30, was between $2.33 and $2.40 
    * 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 had risen by
about 0.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Fabrinet is
270.00​, above​ its last closing price of $242.53. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.25        2.25       2.41      Beat    7.4
 Mar. 31 2024  2.11        2.11       2.39      Beat    
 Dec. 31 2023  2.04        2.03       2.08      Beat    2.5​
 Sep. 30 2023  1.86        1.86       2.00      Beat    7.5
 ​​Jun.        1.81        1.80       1.86      Beat    3.2
 30 2023                                                
 Mar. 31 2023  1.84        1.87       1.94      Beat    3.5​
 Jan. 1 0001   1.87        1.87       1.90      Beat    1.5
 Jan. 1 0001   1.74        1.74       1.97      Beat    13.5
 This summary was machine generated November 2 at 04:09 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)