Optical packaging provider Fabrinet Q4 adjusted EPS beats estimates

Overview

• Fabrinet fiscal Q4 revenue rises 21% yr/yr, beating analyst expectations, per LSEG data

• Adjusted EPS for fiscal Q4 beats consensus, per LSEG data

• Fiscal 2025 GAAP revenue increases 19% yr/yr to $3.42 bln

Outlook

• Fabrinet expects Q1 revenue between $910 mln and $950 mln

• Company projects Q1 GAAP EPS of $2.48 to $2.63

• Fabrinet sees Q1 non-GAAP EPS at $2.75 to $2.90

Result Drivers

• DEMAND GROWTH - CEO Seamus Grady attributes record revenue to growing demand across all business areas

• REVENUE INCREASE - Fourth-quarter revenue of $909.7 mln exceeded co's guidance range

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment & parts peer group is "buy"

• Wall Street's median 12-month price target for Fabrinet is $304.00, about 8.5% below its August 15 closing price of $329.80

• The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nGNX6ghCZP