Electro Scientific Industries Inc. (ESIO) Issues Q4 Earnings Guidance
Electro Scientific Industries Inc. (NASDAQ:ESIO) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($0.14)-($0.09) for the period, compared to the Thomson Reuters consensus estimate of ($0.04), Stock Ratings Network reports.
Shares of Electro Scientific Industries Inc. (NASDAQ:ESIO) traded down 0.76% on Tuesday, hitting $10.39. 66,307 shares of the company’s stock traded hands. Electro Scientific Industries Inc. has a 52-week low of $9.45 and a 52-week high of $12.80. The stock has a 50-day moving average of $10.44 and a 200-day moving average of $10.91. The company’s market cap is $311.9 million.
Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings data on Tuesday, February 4th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.08) by $0.02. The company had revenue of $38.30 million for the quarter, compared to the consensus estimate of $42.75 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Electro Scientific Industries Inc. will post $0.01 EPS for the current fiscal year.
On a related note, analysts at Sidoti initiated coverage on shares of Electro Scientific Industries in a research note to investors on Wednesday, January 8th. They set a buy rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $13.50.
Electro Scientific Industries, Inc (NASDAQ:ESIO) is a supplier of laser-based manufacturing solutions for the microtechnology industry.
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