Photronics Inc reports results for the quarter ended July 31 - Earnings Summary

• Photronics Inc PLAB reported quarterly adjusted earnings of 51 cents​​ per share for the quarter ended July 31, identical to the same quarter last year. The mean expectation of three analysts for the quarter was for earnings of 38 cents per share. Wall Street expected results to range from 37 cents to 39 cents per share.

• Revenue fell 0.3% to $210.39 million from a year ago; analysts expected $204.60 million.

• Photronics Inc's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $22.89 million.

• Photronics Inc shares had risen by 18.3% this quarter and lost 5.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16.5% 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 3 "strong buy" or "buy," no "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 Photronics Inc is $31.65, about 29.6% above its last closing price of $22.27

This summary was machine generated from LSEG data August 27 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)