FormFactor Inc expected to post earnings of 14  cents a share - Earnings Preview

FormFactor

01/08/2023 04:04

* FormFactor Inc  FORM.OQ   FORM.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 2. 
    * The Livermore California-based  company is expected to
report  a
20.4% decrease in revenue to $162.318 million from $203.91
million a year ago, according to the mean estimate from 9
analysts, based on Refinitiv data. The company's guidance on May
3 2023, for the period ended June 30, was for revenue between
$157.00 million and $167.00 million.
    * ​Refinitiv's mean analyst estimate for FormFactor Inc is
for
earnings of 14 cents per share. The company's EPS guidance on
May 3 2023, for the period ended June 30, was between $0.08 and
$0.16 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for FormFactor
Inc is
$32.5​, below​ its last closing price of $37.16. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between USD36.5% and USD39.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.13        0.13       0.16      Beat    23.4
 Dec. 31 2023  0.03        0.03       0.05      Beat    55.2
 Sep. 30 2022  0.21        0.21       0.24      Beat    12.8​
 Jun. 30 2022  0.42        0.43       0.46      Beat    7.8
 ​​Mar.        0.39        0.39       0.49      Beat    24.5
 31 2022                                                
 Dec. 31 2021  0.41        0.41       0.44      Beat    7.1​
 Sep. 30 2021  0.36        0.36       0.40      Beat    11.8
 Jun. 30 2021  0.32        0.32       0.36      Beat    11
 This summary was machine generated August 1 at 03:04 GMT.  All
figures in US dollars  unless otherwise stated