Fabrinet Sees Q4 Adj. EPS $2.20-$2.27 vs $2.17 Est., Revenue $720M-$740M vs $736.49M Est.
Portfolio Pulse from Benzinga Newsdesk
Fabrinet projects its Q4 adjusted EPS to be between $2.20 and $2.27, surpassing the estimated $2.17. The company also forecasts revenue to be in the range of $720M to $740M, which brackets the estimated $736.49M.
May 06, 2024 | 9:09 pm
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Fabrinet's Q4 earnings projection exceeds analyst expectations, with adjusted EPS forecasted higher than estimates and revenue projections closely aligning with expectations.
Fabrinet's projection of a higher-than-expected adjusted EPS for Q4 is a strong positive signal to investors, indicating potential outperformance. The revenue forecast, while within the range of analyst expectations, further supports a positive outlook for the company's financial health. Given the direct impact of earnings projections on investor sentiment and stock price, this news is likely to lead to a short-term positive movement in Fabrinet's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100