Fabrinet reports results for the quarter ended in January - Earnings Summary

Fabrinet

19/08/2024 22:51

* Fabrinet  FN.N  reported quarterly adjusted earnings of
$2.41​​
per share for the quarter ended in January, higher than the same
quarter last year, when the company reported EPS of $1.86.  The
mean expectation of six analysts for the quarter was
for earnings of $2.25 per share. Wall Street expected results to
range from $2.23  to $2.27 per share.
    * Revenue rose 14.8% to $753.26 million from a year ago;
analysts
expected $732.89 million. 
    * Fabrinet's reported EPS for the quarter was $2.22​.
    * The company reported quarterly net income of $81.07
million.
    * Fabrinet shares had fallen by 5.6% this quarter and
gained 21.4%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Fabrinet is
$245.00 
This summary was machine generated from LSEG data August 19 at
09:51 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
 Jun. 30 2024      2.25           2.41           Beat
 Mar. 31 2024      2.11           2.39           Beat
 Dec. 31 2023      2.03           2.08           Beat
 Sep. 30 2023      1.86           2.00           Beat