Faro Technologies Earnings Preview
Portfolio Pulse from Benzinga Insights
Faro Technologies (NASDAQ:FARO) is anticipated to report an EPS of $0.21 in its upcoming quarterly earnings on 2024-02-27. Historical data shows a positive correlation between earnings performance and stock price movement. Last quarter, FARO beat the EPS estimate by $0.26, leading to a 15.86% stock price increase the following day. Over the past year, FARO shares have declined by 20.44%, with investors looking for positive guidance alongside earnings results to potentially influence stock price.
February 26, 2024 | 9:01 pm
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Faro Technologies is expected to report an EPS of $0.21 in its upcoming earnings, with historical performance indicating potential stock price movement. Investors are keen on positive guidance for future growth.
Given FARO's history of stock price increases following earnings beats and the anticipation of positive guidance, there is a strong likelihood of a positive short-term impact on FARO's stock price if they meet or exceed the EPS estimate and provide optimistic future guidance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100