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

FormFactor

01/05/2024 22:55

* FormFactor Inc  FORM.OQ  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 19 cents per share. Wall Street expected
results to range from 18 cents to 20 cents per share.
    * Revenue rose 0.8% to $168.73 million from a year ago;
analysts
expected $165.35 million. 
    * FormFactor Inc's reported EPS for the quarter was 28
cents​.
    * The company reported quarterly net income of $21.78
million.
    * FormFactor Inc shares had fallen by 2.3% this quarter and
gained 6.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 13.2%
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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "hold"

Wall Street's median 12-month price target for FormFactor Inc is
$42.50 
This summary was machine generated from LSEG data May 1 at 09:55
p.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
 Mar. 31 2024      0.19           0.18           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