Fabrinet Set to Announce Q2 Earnings on February 2nd
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Earnings Announcement: Fabrinet is scheduled to announce its Q2 earnings on February 2nd after market close, with consensus EPS estimate at $3.25, reflecting a 24.5% year-over-year increase, which could further solidify its strong position in the semiconductor sector.
- Strong Revenue Expectations: The anticipated revenue for Q2 is $1.08 billion, representing a 29.6% year-over-year growth, indicating the company's ability to capitalize on rising market demand effectively.
- Record of Beating Estimates: Over the past two years, Fabrinet has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing its consistent performance and building market confidence.
- Analyst Optimism: In the last three months, both EPS and revenue estimates have seen seven upward revisions, reflecting analysts' optimistic outlook on the company's future performance, which may positively impact its stock price.
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Analyst Views on FN
Wall Street analysts forecast FN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FN is 544.83 USD with a low forecast of 499.00 USD and a high forecast of 600.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 496.260
Low
499.00
Averages
544.83
High
600.00
Current: 496.260
Low
499.00
Averages
544.83
High
600.00
About FN
Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and sub-systems, automotive components, industrial lasers, medical devices and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, complex printed circuit board assembly, advanced packaging, integration, final assembly and testing. It focuses primarily on low-volume production of a wide variety of high complexity products. It also designs and fabricates applications-specific crystals, lenses, prisms, mirrors, laser components, and substrates (customized optics) and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products (customized glass).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fabrinet Set to Announce Q2 Earnings on February 2nd
- Earnings Announcement: Fabrinet is scheduled to announce its Q2 earnings on February 2nd after market close, with consensus EPS estimate at $3.25, reflecting a 24.5% year-over-year increase, which could further solidify its strong position in the semiconductor sector.
- Strong Revenue Expectations: The anticipated revenue for Q2 is $1.08 billion, representing a 29.6% year-over-year growth, indicating the company's ability to capitalize on rising market demand effectively.
- Record of Beating Estimates: Over the past two years, Fabrinet has beaten EPS estimates 100% of the time and revenue estimates 75% of the time, showcasing its consistent performance and building market confidence.
- Analyst Optimism: In the last three months, both EPS and revenue estimates have seen seven upward revisions, reflecting analysts' optimistic outlook on the company's future performance, which may positively impact its stock price.
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