Fabrinet reports results for the quarter ended in September 30 - Earnings Summary

Fabrinet

05/11/2024 07:46

* Fabrinet  FN.N  reported quarterly adjusted earnings of
$2.39​​
per share for the quarter ended September 30, higher than the
same quarter last year, when the company reported EPS of $2.00. 
The mean expectation of six analysts for the quarter was
for earnings of $2.38 per share. Wall Street expected results to
range from $2.34  to $2.43 per share.
    * Revenue rose 17.3% to $804.23 million from a year ago;
analysts
expected $770.37 million. 
    * Fabrinet's reported EPS for the quarter was $2.13​.
    * The company reported quarterly net income of $77.39
million.
    * Fabrinet shares had risen by 1.3% this quarter and
gained 25.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.4%
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
270.00 
This summary was machine generated from LSEG data November 5 at
07:45 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
 Sep. 30 2024      2.25           2.39           Beat
 Jun. 30 2024      2.25           2.41           Beat
 Mar. 31 2024      2.11           2.39           Beat
 Dec. 31 2023      2.03           2.08           Beat