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

Fabrinet

07/05/2024 05:18

* Fabrinet  FN.N  reported quarterly adjusted earnings of
$2.39​​
per share for the quarter ended in March, higher than the same
quarter last year, when the company reported EPS of $1.94.  The
mean expectation of five analysts for the quarter was
for earnings of $2.11 per share. Wall Street expected results to
range from $2.10  to $2.12 per share.
    * Revenue rose 10% to $731.54 million from a year ago;
analysts
expected $716.92 million. 
    * Fabrinet's reported EPS for the quarter was $2.21​.
    * The company reported quarterly net income of $80.92
million.
    * Fabrinet shares had fallen by 5.2% this quarter and
lost 5.8% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Fabrinet is
$220.00 
This summary was machine generated from LSEG data May 7 at 04:17
a.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
 Mar. 31 2024      2.11           2.39           Beat
 Dec. 31 2023                     2.08           
 Sep. 30 2023      1.86           2.00           Beat
 Jun. 30 2023      1.80           1.86           Beat