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

Photronics

13/12/2023 14:32

* Photronics Inc  PLAB.OQ  reported quarterly adjusted
earnings of
72 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of 60 cents.  The lone analyst forecast for the quarter was
for earnings of 53 cents per share. 
    * Revenue rose 8.2% to $227.47 million from a year ago;
analysts
expected $224.00 million. 
    * Photronics Inc's reported EPS for the quarter was 72
cents​.
    * The company reported quarterly net income of $44.61
million.
    * Photronics Inc shares had risen by 7.0% this quarter and
gained 28.5% 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
$28.00 
This summary was machine generated from LSEG data December 13 at
02:32 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
 Oct. 31 2023      0.53           0.72           Beat
 Jul. 31 2023      0.52           0.44           Missed
 Apr. 30 2023      0.45           0.65           Beat
 Jan. 31 2023      0.40           0.23           Missed