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

FormFactor

02/11/2023 24:54

* FormFactor Inc  FORM.OQ  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of 24 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 17 cents per share. Wall Street
expected results to range from 17 cents to 19 cents per share.
    * Revenue fell 5.1% to $171.58 million from a year ago;
analysts
expected $167.02 million. 
    * FormFactor Inc's reported EPS for the quarter was 6
cents​.
    * The company reported quarterly net income of $4.37
million.
    * FormFactor Inc shares had fallen by 3.0% this quarter and
gained 52.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.1%
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
$38.50 
This summary was machine generated from LSEG data November 2 at
12:54 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.03           0.05           Beat