Faro Technologies Inc Expected To Post Earnings Of 21 Cents A Share: Earnings Preview

FARO Technologies

24/02/2024 24:06

* FARO Technologies Inc  FARO.OQ   FARO.O  is expected
to show a
fall in quarterly revenue when it reports  results on February
27 for the period ending December 31 2023
    * The Lake Mary Florida-based  company is expected to report
a
7.4% decrease in revenue to $96.173 million from $103.86 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on November 1 2023,
for the period ended December 31, was for revenue between $92.00
million and $100.00 million. (Majority is on Net Sales)
    * ​LSEG's mean analyst estimate for FARO Technologies Inc is
for
earnings of 21 cents per share. The company's EPS guidance on
November 1 2023, for the period ended December 31, was between
$-0.34 and $-0.18 
    * 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 $20.88. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for gross profit margin between USD50.5% and
USD52%.
This summary was machine generated February 24 at 00:06 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)