Photronics Inc reports results for the quarter ended in July 31 - Earnings Summary

Photronics

29/08/2024 14:32

* Photronics Inc  PLAB.OQ  reported quarterly adjusted
earnings of
51 cents​​ per share for the quarter ended July 31, higher than
the same quarter last year, when the company reported EPS of 44
cents.  The lone analyst forecast for the quarter was
for earnings of 56 cents per share. 
    * Revenue fell 5.9% to $210.98 million from a year ago;
analysts
expected $225.00 million. 
    * Photronics Inc's reported EPS for the quarter was 55
cents​.
    * The company reported quarterly net income of $34.39
million.
    * Photronics Inc shares had fallen by 2.4% this quarter and
lost 23.2% 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 August 29 at
01:31 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
 Jul. 31 2024      0.56           0.51           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