Electro Scientific Industries, Inc. (NASDAQ:ESIO) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.25-0.30 for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $63-70 million, compared to the consensus revenue estimate of $45.77 million.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of Electro Scientific Industries from a sell rating to a hold rating in a research report on Thursday. Needham & Company LLC raised shares of Electro Scientific Industries from a hold rating to a buy rating and set a $12.00 target price on the stock in a research note on Thursday. Lake Street Capital lowered their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a buy rating on the stock in a research note on Thursday. Finally, BidaskClub downgraded shares of Electro Scientific Industries from a buy rating to a hold rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $10.50.

Shares of Electro Scientific Industries, Inc. (NASDAQ ESIO) traded up 8.81% during midday trading on Friday, reaching $10.38. 866,370 shares of the company were exchanged. The stock’s market capitalization is $349.68 million. Electro Scientific Industries, Inc. has a 12-month low of $4.50 and a 12-month high of $10.45. The company has a 50 day moving average price of $8.49 and a 200-day moving average price of $7.42.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.20. Electro Scientific Industries had a negative return on equity of 21.88% and a negative net margin of 18.49%. The business had revenue of $72.70 million during the quarter, compared to the consensus estimate of $61.10 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 52.4% compared to the same quarter last year. On average, analysts forecast that Electro Scientific Industries, Inc. will post $0.54 earnings per share for the current fiscal year.

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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.

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

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