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

FARO Technologies

01/11/2023 23:25

* FARO Technologies Inc  FARO.OQ  reported quarterly
adjusted
earnings of 2 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 3 cents.  The mean expectation of
two analysts for the quarter was for a loss of 24 cents per
share. Wall Street expected results to range from -30 cents
to -18 cents per share.
    * Revenue rose 1.7% to $86.81 million from a year ago;
analysts
expected $80.26 million. 
    * FARO Technologies Inc's reported EPS for the quarter was a
loss
of 46 cents​.
    * The company reported a quarterly loss of $8.76 million.
    * FARO Technologies Inc shares had fallen by 15.5% this
quarter and lost 56.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.1%
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 3 "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 $26.00 
This summary was machine generated from LSEG data November 1 at
11:25 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.24          0.02           Beat
 Jun. 30 2023      -0.40          -0.14          Beat
 Mar. 31 2023      -0.13          -0.38          Missed
 Dec. 31 2022      0.34           0.38           Beat