$ 0.36 expected EPS for FormFactor, Inc. (NASDAQ: FORM) this quarter



Brokerages expect FormFactor, Inc. (NASDAQ: FORM) to post earnings per share of $ 0.36 for the current fiscal quarter, Zack reports. Three analysts provided earnings estimates for FormFactor, with the highest EPS estimate being $ 0.38 and the lowest estimate being $ 0.35. FormFactor reported earnings of $ 0.39 per share in the same quarter last year, suggesting a negative growth rate of 7.7% year-over-year. The company is expected to report its next results on Wednesday, October 27.

According to Zacks, analysts expect FormFactor to report annual earnings of $ 1.50 per share for the current year, with EPS estimates ranging from $ 1.45 to $ 1.52. For the next fiscal year, analysts expect the company to report earnings of $ 1.74 per share, with EPS estimates ranging from $ 1.70 to $ 1.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that cover FormFactor.

FormFactor (NASDAQ: FORM) last released its quarterly results on Wednesday July 28. The semiconductor company reported EPS of $ 0.36 for the quarter, beating the consensus estimate of $ 0.28 by $ 0.08. FormFactor had a net margin of 10.63% and a return on equity of 13.98%. The company posted revenue of $ 188.08 million for the quarter, against analysts’ expectations of $ 185.33 million.

FORM has been the subject of several analyst reports. Needham & Company LLC launched coverage on FormFactor shares in a research note on Monday, July 26. They issued a “buy” note and a target price of $ 57.00 on the stock. CL King launched coverage on FormFactor stocks in a research note on Friday, June 25. They issued a “buy” note and a target price of $ 42.00 on the stock. Finally, DA Davidson raised FormFactor’s shares from a “neutral” rating to a “buy” rating in a research note on Friday, July 30. Two equity research analysts rated the stock with a conservation rating and five gave the company’s stock a buy rating. According to MarketBeat.com, FormFactor currently has a consensus rating of “Buy” and an average price target of $ 49.

(A d)

The explosive rise in tech stocks we saw in 2020 is just the start …

“The Earnings Whisperer” Louis Navellier posted a video detailing several key steps he believes every American should take right now.

A number of large investors have recently changed their holdings of stocks. BlackRock Inc. increased its stake in FormFactor shares by 4.1% during the 1st quarter. BlackRock Inc. now owns 12,160,682 shares of the semiconductor company valued at $ 548,567,000 after purchasing an additional 480,369 shares during the period. Vanguard Group Inc. increased its stake in FormFactor by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 8,624,628 shares of the semiconductor company valued at $ 314,454,000 after acquiring an additional 27,584 shares during the period. Earnest Partners LLC increased its equity stake in FormFactor by 11.9% during the 1st quarter. Earnest Partners LLC now owns 6,742,111 shares of the semiconductor company valued at $ 304,137,000 after purchasing an additional 718,104 shares during the period. State Street Corp increased its stake in FormFactor shares by 2.9% during the 2nd quarter. State Street Corp now owns 2,392,975 shares of the semiconductor company valued at $ 87,248,000 after purchasing an additional 67,300 shares during the period. Finally, Bank of America Corp DE increased its stake in FormFactor shares by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 2,061,678 shares of the semiconductor company valued at $ 75,168,000 after purchasing an additional 44,929 shares during the period. Hedge funds and other institutional investors hold 88.90% of the company’s shares.

NASDAQ FORM shares opened at $ 40.36 on Friday. The company has a quick ratio of 2.51, a current ratio of 3.23, and a debt ratio of 0.03. The company’s 50-day mobile average price is $ 37.60, and its two-hundred-day mobile average price is $ 39.06. FormFactor has a 52 week low of $ 23.51 and a 52 week high of $ 52.39. The stock has a market cap of $ 3.13 billion, a P / E ratio of 39.96 and a beta of 1.43.

FormFactor Company Profile

FormFactor, Inc is committed to providing test and measurement solutions. It operates through the following segments: Probe Cards and Systems. The probe boards segment comprises technologies and product architectures, including micro-electromechanical systems technologies. The Systems segment includes analytical probe solutions for wafer probing, card testing, and packaging testing.

Further reading: Day Trading

Get a Free Copy of Zacks’ Research Report on FormFactor (FORM)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant news alert was powered by narrative science technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in FormFactor now?

Before you consider FormFactor, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold of … and FormFactor was not on the list.

While FormFactor currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here


Leave A Reply

Your email address will not be published.