Photronics Inc reports results for the quarter ended April 30 - Earnings Summary

• Photronics Inc PLAB.OQ reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended April 30, lower than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of two analysts for the quarter was for earnings of 49 cents per share. Wall Street expected results to range from 48 cents to 49 cents per share.

• Revenue fell 2.8% to $210.99 million from a year ago; analysts expected $212.07 million.

• Photronics Inc's reported EPS for the quarter was 15 cents​.

• The company reported quarterly net income of $8.86 million.

• Photronics Inc shares had fallen by 3.4% this quarter and lost 14.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."

• Wall Street's median 12-month price target for Photronics Inc is $35.50

This summary was machine generated from LSEG data May 28 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)