Faro Technologies Inc Reports Results For The Quarter Ended In December: Earnings Summary

FARO Technologies

28/02/2024 24:20

* FARO Technologies Inc  FARO.OQ  reported quarterly
adjusted
earnings of 36 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
two analysts for the quarter was for earnings of 21 cents per
share. Wall Street expected results to range from 20 cents to 22
cents per share.
    * Revenue fell 4.8% to $98.84 million from a year ago;
analysts
expected $96.17 million. 
    * FARO Technologies Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $1.59
million.
    * FARO Technologies Inc shares had fallen by 3.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for FARO Technologies
Inc is $28.00 
This summary was machine generated from LSEG data February 28 at
12:19 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.21           0.36           Beat
 Sep. 30 2023      -0.24          0.02           Beat
 Jun. 30 2023      -0.40          -0.14          Beat
 Mar. 31 2023      -0.13          -0.38          Missed