Photronics (PLAB) Reports Q4: Everything You Need To Know Ahead Of Earnings
Semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) will be announcing earnings results tomorrow before market hours. Here's what to expect.
Last quarter Photronics reported revenues of $224.2 million, up 1.9% year on year, missing analyst expectations by 2.5%. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of analysts' revenue estimates.
Is Photronics buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting Photronics's revenue to grow 6.5% year on year to $224 million, slowing down from the 16% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.53 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 3.7%.
Looking at Photronics's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Marvell Technology's revenues decreased 7.7% year on year, beating analyst estimates by 1.3% and Nova reported revenue decline of 10.5% year on year, exceeding estimates by 4.6%. Marvell Technology traded up 2.2% on the results, and Nova was up 2.1%.
Read our full analysis of Marvell Technology's results here and Nova's results here.
There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 11.5% over the last month. Photronics is up 9.3% during the same time, and is heading into the earnings with analyst price target of $28, compared to share price of $21.9.
One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.
Join Paid Stock Investor Research
Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
The author has no position in any of the stocks mentioned.
