FormFactor Inc expected to post earnings of 3cents a share - Earnings Preview

FormFactor

06/02/2023 22:47

* FormFactor Inc  FORM.OQ   FORM.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 8. 
    * The Livermore California-based  company is expected to
report  a
24.2% decrease in revenue to $155.293 million from $205 million
a year ago, according to the mean estimate from 9 analysts,
based on Refinitiv data. The company's guidance on October 26
2022, for the period ended December 31, was for revenue between
150.00 million and 160.00 million.
    * ​Refinitiv's mean analyst estimate for FormFactor Inc is
for
earnings of 3 cents per share. The company's EPS guidance on
October 26 2022, for the period ended December 31, was between
0.00 and 0.06 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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
$30​, above​ its last closing price of $29.84. ​​​

The company's guidance on October 26 2022 for the period ended
December 31 was for gross profit margin between 31.5% and 34.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2022  0.39        0.39       0.49      Beat    24.5​
 Dec. 31 2021  0.41        0.41       0.44      Beat    7.1
 ​​Sep.        0.36        0.36       0.40      Beat    11.8
 30 2021                                                
 Jun. 30 2021  0.32        0.32       0.36      Beat    11​
 Mar. 31 2021  0.38        0.39       0.38      Missed  -1.7
 Dec. 31 2020  0.39        0.39       0.44      Beat    12.8
 This summary was machine generated February 6 at 22:47 GMT.  All
figures in US dollars  unless otherwise stated