Electro Scientific Industries, Inc. (NASDAQ:ESIO) updated its third quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.48 to $0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.02. The company issued revenue guidance of $80 million to $90 million, compared to the consensus revenue estimate of $44.50 million.
Several research firms have commented on ESIO. Needham & Company LLC boosted their target price on shares of Electro Scientific Industries from $12.00 to $27.00 and gave the stock a buy rating in a research report on Thursday. Lake Street Capital boosted their target price on shares of Electro Scientific Industries from $14.50 to $22.00 and gave the stock a buy rating in a research report on Thursday. DA Davidson reaffirmed a buy rating and set a $25.00 price objective on shares of Electro Scientific Industries in a report on Thursday. Zacks Investment Research downgraded shares of Electro Scientific Industries from a buy rating to a hold rating in a report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Electro Scientific Industries from a hold rating to a buy rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $21.50.
Electro Scientific Industries (NASDAQ:ESIO) last announced its earnings results on Wednesday, November 1st. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.12. The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $65.53 million. Electro Scientific Industries had a negative net margin of 9.00% and a negative return on equity of 13.50%. Electro Scientific Industries’s quarterly revenue was up 139.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) earnings per share.
Electro Scientific Industries Company Profile
Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.
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