What Wall Street expects from Fabrinet's earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 18 2024
0mins
Should l Buy FN?
Source: Business Insider
Earnings Report Announcement: Fabrinet is set to report its quarterly earnings on August 19, with analysts predicting earnings per share of $2.24, up from $1.67 in the same quarter last year.
Sales and Revenue Forecast: Analysts estimate quarterly sales will reach $732.6 million, an 11.70% increase from the previous year, and project fiscal year earnings per share at $8.71 compared to $6.79 last year, with expected revenue of $2.86 billion.
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Analyst Views on FN
Wall Street analysts forecast FN stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 534.980
Low
499.00
Averages
544.83
High
600.00
Current: 534.980
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.
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