Faro Technologies Inc Reports Results For The Quarter Ended In June: Earnings Summary
09/08/2024 24:00
* FARO Technologies Inc FARO.OQ reported quarterly
adjusted
earnings of 18 cents per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of -14 cents. The mean expectation of two analysts
for the quarter was for earnings of one cent per share. Wall
Street expected results to range from zero cents to 2 cents per
share.
* Revenue fell 6.9% to $82.09 million from a year ago;
analysts
expected $83.65 million.
* FARO Technologies Inc's reported EPS for the quarter was a
loss
of 3 cents.
* The company reported a quarterly loss of $524 thousand.
* FARO Technologies Inc shares had fallen by 11.4% this
quarter and lost 37.1% so far this year.
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 August 8 at
11:00 p.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
Jun. 30 2024 0.01 0.18 Beat
Mar. 31 2024 -0.12 0.09 Beat
Dec. 31 2023 0.21 0.36 Beat
Sep. 30 2023 -0.24 0.02 Beat