Electro Scientific Industries, Inc. (NASDAQ:ESIO) Releases Q2 Earnings Guidance
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.
TRADEMARK VIOLATION WARNING: “Electro Scientific Industries, Inc. (NASDAQ:ESIO) Releases Q2 Earnings Guidance” was reported by Daily Political and is owned by of Daily Political. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.dailypolitical.com/2017/08/04/electro-scientific-industries-inc-nasdaqesio-releases-q2-earnings-guidance.html.
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.