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

• Photronics Inc PLAB.OQ reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended October 31, lower than the same quarter last year, when the company reported EPS of 72 cents. The lone analyst forecast for the quarter was for earnings of 52 cents per share.

• Revenue fell 2.1% to $222.63 million from a year ago; analysts expected $218.00 million.

• Photronics Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $33.87 million.

• Photronics Inc shares had risen by 2.3% this quarter and lost 19.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 1 "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 $32.00

This summary was machine generated from LSEG data December 11 at 02:30 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)