Aehr Test Systems reports results for the quarter ended May 31 - Earnings Summary

• Aehr Test Systems AEHR.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended May 31, lower than the same quarter last year, when the company reported EPS of 84 cents. The mean expectation of two analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -3 cents tozero cents per share.

• Revenue fell 15.1% to $14.09 million from a year ago; analysts expected $14.82 million.

• The company reported a quarterly loss of $2.9 million.

• Aehr Test Systems shares had risen by 14.6% this quarter and lost 10.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 110.7% 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 "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"

• Wall Street's median 12-month price target for Aehr Test Systems is $12.75, about 16.2% below its last closing price of $14.82

This summary was machine generated from LSEG data July 8 at 09:01 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)