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

FormFactor

01/08/2024 01:01

* FormFactor Inc  FORM.OQ  reported quarterly adjusted
earnings of
35 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 31 cents per share. Wall Street expected
results to range from 31 cents to 33 cents per share.
    * Revenue rose 26.7% to $197.47 million from a year ago;
analysts
expected $194.99 million. 
    * FormFactor Inc's reported EPS for the quarter was 25
cents​.
    * The company reported quarterly net income of $19.39
million.
    * FormFactor Inc shares had fallen by 16.6% this quarter and
gained 21.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.6%
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
$57.00 
This summary was machine generated from LSEG data August 1 at
12:00 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
 Jun. 30 2024      0.31           0.35           Beat
 Mar. 31 2024      0.19           0.18           Missed
 Dec. 31 2023      0.22           0.20           Missed
 Sep. 30 2023      0.17           0.22           Beat