Faro Technologies Inc Reports Results For The Quarter Ended In January: Earnings Summary
02/05/2024 03:08
* FARO Technologies Inc FARO.OQ reported quarterly
adjusted
earnings of 9 cents per share for the quarter ended in
January, higher 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 a loss of 12 cents per
share. Wall Street expected results to range from -13 cents
to -10 cents per share.
* Revenue fell 0.9% to $84.24 million from a year ago;
analysts
expected $81.07 million.
* FARO Technologies Inc's reported EPS for the quarter was a
loss
of 38 cents.
* The company reported a quarterly loss of $7.27 million.
* FARO Technologies Inc shares had fallen by 12.8% this
quarter and lost 16.8% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 13.1%
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 May 2 at 02:08
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
Mar. 31 2024 -0.12 0.09 Beat
Dec. 31 2023 0.21 0.36 Beat
Sep. 30 2023 -0.24 0.02 Beat
Jun. 30 2023 -0.40 -0.14 Beat