Zacks: Analysts Anticipate Electro Scientific Industries, Inc. (ESIO) Will Announce Earnings of $0.29 Per Share

Wall Street analysts expect that Electro Scientific Industries, Inc. (NASDAQ:ESIO) will post $0.29 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Electro Scientific Industries’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.35. Electro Scientific Industries posted earnings of $0.99 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 70.7%. The firm is scheduled to report its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that Electro Scientific Industries will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.22. For the next fiscal year, analysts forecast that the business will report earnings of $2.61 per share, with EPS estimates ranging from $2.32 to $2.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Electro Scientific Industries.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $85.92 million for the quarter, compared to analyst estimates of $84.35 million. Electro Scientific Industries had a return on equity of 45.60% and a net margin of 37.32%. The business’s revenue was up 21.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.39 earnings per share.

A number of research firms have commented on ESIO. Needham & Company LLC lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. ValuEngine lowered Electro Scientific Industries from a “hold” rating to a “sell” rating in a research note on Monday, October 22nd. BidaskClub raised Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Stifel Nicolaus lowered Electro Scientific Industries from a “buy” rating to a “hold” rating and set a $30.00 price objective on the stock. in a research note on Tuesday, October 30th. Finally, DA Davidson lowered Electro Scientific Industries from a “buy” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research note on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $28.60.

Electro Scientific Industries stock traded up $0.27 on Friday, reaching $29.40. The company’s stock had a trading volume of 1,050,770 shares, compared to its average volume of 880,785. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.16 and a current ratio of 5.67. The firm has a market cap of $999.06 million, a P/E ratio of 10.97, a P/E/G ratio of 1.21 and a beta of -0.01. Electro Scientific Industries has a twelve month low of $13.92 and a twelve month high of $29.62.

Several institutional investors and hedge funds have recently modified their holdings of ESIO. UBS Group AG lifted its stake in Electro Scientific Industries by 412.2% in the first quarter. UBS Group AG now owns 34,182 shares of the semiconductor company’s stock worth $661,000 after acquiring an additional 27,508 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Electro Scientific Industries by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 258,248 shares of the semiconductor company’s stock worth $4,992,000 after buying an additional 7,628 shares during the last quarter. Bank of Montreal Can purchased a new stake in shares of Electro Scientific Industries during the 2nd quarter worth approximately $624,000. Acadian Asset Management LLC purchased a new stake in shares of Electro Scientific Industries during the 2nd quarter worth approximately $2,526,000. Finally, Eqis Capital Management Inc. lifted its position in shares of Electro Scientific Industries by 164.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 27,902 shares of the semiconductor company’s stock worth $440,000 after buying an additional 17,353 shares during the last quarter. 91.21% of the stock is currently owned by institutional investors and hedge funds.

Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc, together with its subsidiaries, supplies laser-based microfabrication solutions for the microtechnology industry worldwide. The company provides printed circuit board laser drilling products, including laser via drilling systems for electrical interconnect applications that require dimensions to create electrical connections between layers in flexible circuits, high-density circuit boards, and interconnect packages; micro via drilling technology that addresses the changing applications in interconnect packages, multichip modules, and high density interconnect circuit boards; and ultraviolet laser processing systems that employ technology in lasers, optics, and motion control.

Featured Story: How to interpret a stock’s beta number

Get a free copy of the Zacks research report on Electro Scientific Industries (ESIO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

Receive News & Ratings for Electro Scientific Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit