Faro Technologies Inc Reports Results For The Quarter Ended In September 30: Earnings Summary
07/11/2024 05:14
* FARO Technologies Inc FARO.OQ reported quarterly
adjusted
earnings of 21 cents per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 2 cents. The mean expectation of two analysts
for the quarter was for earnings of 3 cents per share. Wall
Street expected results to range from 3 cents to
* Revenue fell 4.9% to $82.56 million from a year ago;
analysts
expected $78.97 million.
* FARO Technologies Inc's reported EPS for the quarter was a
loss
of 2 cents.
* The company reported a quarterly loss of $289 thousand.
* FARO Technologies Inc shares had fallen by 1.6% this
quarter and
lost 16.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 255%
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 24.50
This summary was machine generated from LSEG data November 7 at
05:14 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
Sep. 30 2024 0.03 0.21 Beat
Jun. 30 2024 0.01 0.18 Beat
Mar. 31 2024 -0.12 0.09 Beat
Dec. 31 2023 0.21 0.36 Beat