Faro Technologies Inc Expected To Post A Loss Of 40 Cents A Share: Earnings Preview
01/08/2023 03:05
* FARO Technologies Inc FARO.OQ FARO.O is expected
to show a
rise in quarterly revenue when it reports results on August 2.
* The Lake Mary Florida-based company is expected to report
a
2.1% increase in revenue to $81.556 million from $79.92 million
a year ago, according to the mean estimate from 3 analysts,
based on Refinitiv data. The company's guidance on May 3 2023,
for the period ended June 30, was for revenue between $79.00
million and $87.00 million.
* Refinitiv's mean analyst estimate for FARO Technologies
Inc is
for a loss of 40 cents per share. The company's EPS guidance on
May 3 2023, for the period ended June 30, was between $-0.47 and
$-0.22
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $21.5, above its last closing price of $16.59.
The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between USD45% and USD48%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Mar. 31 2023 -0.13 -0.13 -0.38 Missed -192.3
Dec. 31 2023 0.35 0.34 0.38 Beat 12.9
Sep. 30 2022 -0.03 -0.03 0.03 Beat 190
Jun. 30 2022 -0.08 -0.08 -0.03 Beat 62.5
Mar. 0.03 0.03 -0.14 Missed -520
31 2022
Dec. 31 2021 0.49 0.49 0.48 Missed -2
Sep. 30 2021 0.04 0.06 -0.01 Missed -117.6
Jun. 30 2021 0.10 0.10 0.12 Beat 20
This summary was machine generated August 1 at 02:04 GMT. All
figures in US dollars unless otherwise stated