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Market Overview

Earnings Preview: Photronics

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Photronics (NASDAQ:PLAB) unveils its next round of earnings this Wednesday, December 09. Here is Benzinga's everything-that-matters guide for the earnings announcement.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street expects EPS of $0.15 and sales around $153.87 million. In the same quarter last year, Photronics reported EPS of $0.15 on revenue of $156.26 million.

Why Analyst Estimates And Earnings Surprises Are Important

Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.

The analyst consensus estimate would represent no change in the company's earnings. Sales would have fallen 1.53% from the same quarter last year. Photronics's reported EPS has stacked up against analyst estimates in the past like this:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2019
EPS Estimate 0.15 0.14 0.16 0.15
EPS Actual 0.17 0.10 0.16 0.15
Revenue Estimate 150.90 M 147.63 M 150.50 M 147.37 M
Revenue Actual 157.90 M 142.77 M 159.74 M 156.26 M

Stock Performance

Shares of Photronics were trading at $13.14 as of December 07. Over the last 52-week period, shares are down 12.49%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Photronics is scheduled to hold the call at 08:30:00 ET and can be accessed here.

 

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Posted-In: Earnings