Preview: FormFactor's Earnings
Portfolio Pulse from Benzinga Insights
FormFactor (NASDAQ:FORM) is scheduled to release its quarterly earnings report on February 7, 2024, with analysts estimating an EPS of $0.22. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historically, FormFactor's stock price has shown mixed reactions to past earnings performances, with a notable 12.02% increase in Q4 2022 after beating EPS estimates. Currently, shares are trading at $39.29, marking a 32.46% increase over the last 52 weeks.
February 06, 2024 | 7:02 pm
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POSITIVE IMPACT
FormFactor is anticipated to report an EPS of $0.22 for the upcoming quarter. Historical data shows mixed reactions to earnings announcements, with a significant 12.02% increase in Q4 2022. Shares have risen 32.46% over the last year.
Given FormFactor's history of beating EPS estimates and the positive trend in its stock price over the past year, there is a potential for a short-term positive impact on FORM's stock price, especially if the company beats the EPS estimate again and provides favorable guidance for the future. However, the mixed reactions to past earnings reports introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100