FARO Technologies Inc FARO.OQ FARO.O is expected to show a fall in quarterly revenue when it reports results on February 24 for the period ending December 31 2024
The Lake Mary Florida-based company is expected to report a 7.9% decrease in revenue to $91.025 million from $98.84 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.The company's guidance on November 6 2024, for the period ended December 31, was for revenue between $88.00 million and $96.00 million.
LSEG's mean analyst estimate for FARO Technologies Inc is for earnings of 40 cents per share. The company's EPS guidance on November 6 2024, for the period ended December 31, was between $0.32 and $0.52
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for FARO Technologies Inc is $33.50, above its last closing price of $27.83.
The company's guidance on November 6 2024 for the period ended December 31 was for gross profit margin between USD56% and USD57.5%.
This summary was machine generated February 21 at 21:48 GMT. 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)