Faro Technologies Inc Expected To Post Earnings Of 1 Cent A Share: Earnings Preview

FARO Technologies

29/07/2024 13:11

* FARO Technologies Inc  FARO.OQ   FARO.O  is expected
to show a
fall in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Lake Mary Florida-based  company is expected to report
a
5.2% decrease in revenue to $83.651 million from $88.21 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on May 1 2024, for the
period ended June 30, was for revenue between $79.00 million and
$87.00 million.
    * ​LSEG's mean analyst estimate for FARO Technologies Inc is
for
earnings of 1 cent per share. The company's EPS guidance on May
1 2024, for the period ended June 30, was between $-0.08 and
$0.12 
    * 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 $17.22. ​​​

The company's guidance on May 1 2024 for the period ended June
30 was for gross profit margin between USD51% and USD52.5%.
This summary was machine generated July 29 at 12:11 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)