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

Fabrinet

09/05/2023 18:44

* Fabrinet  FN.N  reported quarterly adjusted earnings of
$1.94​​
per share for the quarter ended in March. The mean expectation
of five analysts for the quarter was for earnings of $1.87 per
share.
    * Revenue rose 17.9% to $665.28 million from a year ago;
analysts
expected $651.53 million. 
    * Fabrinet's reported EPS for the quarter was $1.60​.
    * The mean earnings estimate of analysts had fallen by
about 1.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Fabrinet shares had fallen by 21.3% this quarter and
lost 27.1%
so far this year.
    * The company reported quarterly net income of $59.36
million.
    * Wall Street's median 12-month price target for Fabrinet is
$125.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 05:44 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.87           1.94           Beat
 Dec. 31 2022      1.87           1.90           Beat
 Sep. 30 2022      1.74           1.97           Beat
 Jun. 30 2022      1.54           1.68           Beat