Photronics Inc expected to post earnings of 55 cents a share - Earnings Preview

Photronics

20/05/2024 13:55

* Photronics Inc  PLAB.OQ   PLAB.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 22 for the
period ending April 30 2024
    * The Brookfield Connecticut-based  company is expected to
report
a 0.7% increase in revenue to $231 million from $229.31 million
a year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on February 21 2024, for the
period ended April 30, was for revenue between $226.00 million
and $236.00 million.
    * ​LSEG's mean analyst estimate for Photronics Inc is for
earnings
of 55 cents per share. The company's EPS guidance on February 21
2024, for the period ended April 30, was between $0.50 and
$0.58 
    * The one available analyst rating on the shares is "buy".  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Photronics
Inc is
$32.00​, above​ its last closing price of $28.64. ​​​

The company's guidance on February 21 2024 for the period ended
April 30 was for gross profit margin of USD38%.
This summary was machine generated May 20 at 12:55 GMT.  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)