Electro Scientific Industries, Inc. (ESIO) Set to Announce Quarterly Earnings on Monday
Electro Scientific Industries, Inc. (NASDAQ:ESIO) is set to release its earnings data after the market closes on Monday, October 30th. Electro Scientific Industries has set its Q2 guidance at $0.25-0.30 EPS.
Electro Scientific Industries (NASDAQ:ESIO) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The business had revenue of $72.70 million for the quarter, compared to analysts’ expectations of $61.10 million. During the same period in the previous year, the company earned $0.09 earnings per share. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. On average, analysts expect Electro Scientific Industries to post $0.73 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Electro Scientific Industries, Inc. (NASDAQ ESIO) opened at 15.63 on Monday. The stock’s market capitalization is $517.92 million. Electro Scientific Industries, Inc. has a 12-month low of $4.50 and a 12-month high of $15.94. The company’s 50-day moving average is $13.76 and its 200 day moving average is $9.87.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/electro-scientific-industries-inc-esio-set-to-announce-quarterly-earnings-on-monday.html.
ESIO has been the subject of several research analyst reports. Lake Street Capital restated a “buy” rating and set a $14.50 price target (up from $10.50) on shares of Electro Scientific Industries in a research note on Monday, September 18th. Zacks Investment Research lowered Electro Scientific Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Needham & Company LLC upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Thursday, August 3rd. BidaskClub upgraded Electro Scientific Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, ValuEngine upgraded Electro Scientific Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Electro Scientific Industries presently has an average rating of “Buy” and an average price target of $12.83.
About Electro Scientific Industries
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.
Receive News & Ratings for Electro Scientific Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Electro Scientific Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.