FormFactor Inc reports results for the quarter ended in December - Earnings Summary

FormFactor

08/02/2024 01:00

* FormFactor Inc  FORM.OQ  reported quarterly adjusted
earnings of
20 cents​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 19 cents to 38 cents per share.
    * Revenue rose 1.3% to $168.16 million from a year ago;
analysts
expected $165.29 million. 
    * FormFactor Inc's reported EPS for the quarter was 97
cents​.
    * The company reported quarterly net income of $75.85
million.
    * FormFactor Inc shares had fallen by 8.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9% 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 5 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is  "hold."

Wall Street's median 12-month price target for FormFactor Inc is
$42.00 
This summary was machine generated from LSEG data February 8 at
01:00 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
 Dec. 31 2023      0.22           0.20           Missed
 Sep. 30 2023      0.17           0.22           Beat
 Jun. 30 2023      0.14           0.14           Met
 Mar. 31 2023      0.13           0.16           Beat