Faro Technologies Inc Expected To Post Earnings Of 3 Cents A Share: Earnings Preview

FARO Technologies

04/11/2024 21:27

* FARO Technologies Inc  FARO.OQ   FARO.O  is expected
to show a
fall in quarterly revenue when it reports  results on November 6
for the period ending September 30 2024
    * The Lake Mary Florida-based  company is expected to report
a
9.0% decrease in revenue to $78.973 million from $86.81 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.The company's guidance on August 8 2024, for
the period ended September 30, was for revenue between $76.00
million and $84.00 million.
    * ​LSEG's mean analyst estimate for FARO Technologies Inc is
for
earnings of 3 cents per share. The company's EPS guidance on
August 8 2024, for the period ended September 30, was between
$-0.01 and $0.19 
    * 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 $24.50​, above​ its last closing price of $17.69. ​​​

The company's guidance on August 8 2024 for the period ended
September 30 was for gross profit margin between USD53.5% and
USD55%.
This summary was machine generated November 4 at 21:27 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)