Nanometrics Inc. (NANO) Updates Q1 Earnings Guidance
Nanometrics Inc. (NASDAQ:NANO) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.01 to $0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.08, StockRatingsNetwork.com reports. The company issued revenue guidance of $48 to $54 million, compared to the consensus revenue estimate of $50.66 million.
Nanometrics (NASDAQ:NANO) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The company had revenue of $46.16 million for the quarter, compared to the consensus estimate of $44.88 million. During the same quarter in the previous year, the company posted ($0.13) earnings per share. The company’s revenue for the quarter was up 52.5% on a year-over-year basis.
A number of research firms have recently commented on NANO. Analysts at RBC Capital downgraded shares of Nanometrics from an outperform rating to a sector perform rating in a research note to investors on Monday. They now have a $18.00 price target on the stock. Analysts at Stifel Nicolaus downgraded shares of Nanometrics from a buy rating to a hold rating in a research note to investors on Wednesday, December 18th. They now have a $18.00 price target on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Nanometrics has a consensus rating of Hold and a consensus target price of $18.67.
Nanometrics Incorporated (NASDAQ:NANO) is a provider of advanced, high-performance process control metrology and inspection systems used primarily in the fabrication of integrated circuits, high-brightness (HB) light emitting diodes (LEDs), data storage devices and solar photovoltaics (solar PV).
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