FormFactor Inc. (FORM) is a CA¬–based manufacturer of high performance advanced semiconductor wafer probe cards and could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on FORM’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Cielo could be a solid choice for investors.
Current Quarter Estimates for FORM
In the past 30 days, 1 estimate has gone higher for FormFactor while no estimate moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing from loss of 4 cents a share 30 days ago, to earnings of 4 cents today, a move of significant amount.
Current Year Estimates for FORM
Meanwhile, FormFactor’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none moving lower. The loss estimate trend has also seen a boost for this time frame, narrowing down from 17 cents per share 30 days ago to 2 cents per share today, an improvement of 88.2%.
The stock has also started to move higher lately, adding 23.83% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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FORMFACTOR INC (FORM): Free Stock Analysis Report
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