Electro Scientific Industries, Inc. (ESIO) Updates Q3 Earnings Guidance

Electro Scientific Industries, Inc. (NASDAQ:ESIO) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.48 to $0.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.02. The company issued revenue guidance of $80 million to $90 million, compared to the consensus revenue estimate of $44.50 million.

A number of research firms recently commented on ESIO. Needham & Company LLC raised shares of Electro Scientific Industries from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Thursday, August 3rd. ValuEngine raised shares of Electro Scientific Industries from a sell rating to a hold rating in a research report on Thursday, August 3rd. BidaskClub raised shares of Electro Scientific Industries from a hold rating to a buy rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Electro Scientific Industries from a hold rating to a buy rating and set a $12.00 target price for the company in a research report on Tuesday, August 8th. Finally, Lake Street Capital decreased their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a buy rating for the company in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $12.83.

Electro Scientific Industries (NASDAQ:ESIO) last posted its quarterly earnings results on Monday, October 30th. The semiconductor company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.27 by $0.12. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The company had revenue of $70.97 million during the quarter, compared to analysts’ expectations of $65.53 million. During the same quarter in the previous year, the business posted ($0.24) EPS. The firm’s revenue was up 139.3% on a year-over-year basis.

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Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.

Earnings History and Estimates for Electro Scientific Industries (NASDAQ:ESIO)

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