FormFactor Inc expected to post earnings of 22 cents a share - Earnings Preview

FormFactor

06/02/2024 24:03

* FormFactor Inc  FORM.OQ   FORM.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 8 for the
period ending December 31 2023
    * The Livermore California-based  company is expected to
report a
0.4% decrease in revenue to $165.288 million from $165.99
million a year ago, according to the mean estimate from 10
analysts, based on LSEG data.The company's guidance on November
1 2023, for the period ended December 31, was for revenue
between $160.00 million and $170.00 million.
    * ​LSEG's mean analyst estimate for FormFactor Inc is for
earnings
of 22 cents per share. The company's EPS guidance on November 1
2023, for the period ended December 31, was between $0.16 and
$0.24 
    * 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
$42.00​, above​ its last closing price of $39.29. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for gross profit margin between USD39.5% and
USD42.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.17        0.17       0.22      Beat    26.8
 Jun. 30 2023  0.14        0.14       0.14      Met     2.6
 Mar. 31 2023  0.13        0.13       0.16      Beat    23.4​
 Dec. 31 2022  0.03        0.03       0.05      Beat    55.2
 ​​Sep.        0.21        0.21       0.24      Beat    12.8
 30 2022                                                
 Jun. 30 2022  0.42        0.43       0.46      Beat    7.8​
 Mar. 31 2022  0.39        0.39       0.49      Beat    24.5
 Dec. 31 2021  0.41        0.41       0.44      Beat    7.1
 This summary was machine generated February 6 at 00:02 GMT.  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)