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

Photronics

21/02/2024 14:56

* Photronics Inc  PLAB.OQ  reported quarterly adjusted
earnings of
42 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 23 cents.  The lone analyst forecast for the quarter was
for earnings of 49 cents per share. 
    * Revenue rose 2.5% to $216.33 million from a year ago;
analysts
expected $220.00 million. 
    * Photronics Inc's reported EPS for the quarter was 42
cents​.
    * The company reported quarterly net income of $26.18
million.
    * Photronics Inc shares had fallen by 0.5% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.9%
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 February 21 at
02:55 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
 Jan. 31 2024      0.49           0.42           Missed
 Oct. 31 2023      0.53           0.72           Beat
 Jul. 31 2023      0.52           0.44           Missed
 Apr. 30 2023      0.45           0.65           Beat