Faro Technologies Inc Expected To Post A Loss Of 24 Cents A Share: Earnings Preview

FARO Technologies

30/10/2023 21:40

* FARO Technologies Inc  FARO.OQ   FARO.O  is expected
to show a
fall in quarterly revenue when it reports  results 
    * The Lake Mary Florida-based  company is expected to report
 a
5.9% decrease in revenue to $80.263 million from $85.33 million
a year ago, according to the mean estimate from 2 analysts,
based on Refinitiv data. The company's guidance on August 2
2023, for the period ended September 30, was for revenue between
$76.00 million and $84.00 million.
    * ​Refinitiv's mean analyst estimate for FARO Technologies
Inc is
for a loss of 24 cents per share. The company's EPS guidance on
August 2 2023, for the period ended September 30, was between
$-0.35 and $-0.10 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $26​, above​ its last closing price of $12.85. ​​​

The company's guidance on August 2 2023 for the period ended
September 30 was for gross profit margin between USD46% and
USD48%.
This summary was machine generated October 30 at 21:40 GMT.  All
figures in US dollars  unless otherwise stated