Photronics Inc reports results for the quarter ended in April - Earnings Summary

Photronics

22/05/2024 16:59

* Photronics Inc  PLAB.OQ  reported quarterly adjusted
earnings of
46 cents​​ per share for the quarter ended in April, lower than
the same quarter last year, when the company reported EPS of 65
cents.  The lone analyst forecast for the quarter was
for earnings of 55 cents per share. 
    * Revenue fell 5.4% to $217.00 million from a year ago;
analysts
expected $231.00 million. 
    * Photronics Inc's reported EPS for the quarter was 58
cents​.
    * The company reported quarterly net income of $36.25
million.
    * Photronics Inc shares had fallen by 0.2% this quarter and
lost 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the semiconductor
equipment & testing peer group is also "buy"

Wall Street's median 12-month price target for Photronics Inc is
$32.00 
This summary was machine generated from LSEG data May 22 at
03:59 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
 Apr. 30 2024      0.55           0.46           Missed
 Jan. 31 2024      0.49           0.42           Missed
 Oct. 31 2023      0.53           0.72           Beat
 Jul. 31 2023      0.52           0.44           Missed