Faro Technologies Inc Expected To Post A Loss Of 12 Cents A Share: Earnings Preview

FARO Technologies

29/04/2024 21:54

* FARO Technologies Inc  FARO.OQ   FARO.O  is expected
to show a
fall in quarterly revenue when it reports  results on May 1 for
the period ending March 31 2024
    * The Lake Mary Florida-based  company is expected to report
a
4.6% decrease in revenue to $81.07 million from $84.97 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on February 27 2024, for the
period ended March 31, was for revenue between $77.00 million
and $85.00 million.
    * ​LSEG's mean analyst estimate for FARO Technologies Inc is
for a
loss of 12 cents per share. The company's EPS guidance on
February 27 2024, for the period ended March 31, was between
$-0.20 and $0.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for FARO
Technologies
Inc is $28.00​, above​ its last closing price of $18.92. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for gross profit margin between USD49.5% and
USD51%.
This summary was machine generated April 29 at 20:54 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)