Fabrinet Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Fabrinet FN is expected to report financial results for the fourth quarter, after the closing bell on Aug. 21, 2023.

Analysts expect the company to post quarterly earnings at $1.80 per share, up from year-ago earnings of $1.68 per share. The company’s revenue might come in at $640.61 million, compared to $587.87 million in the year-ago period.

Fabrinet shares gained 1.4% to close at $117.85 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Needham analyst Alex Henderson maintained a Buy rating and raised the price target from $120 to $150 on June 12, 2023. This analyst has an accuracy rate of 75%.

Northland Capital Markets analyst Tim Savageaux maintained an Outperform rating and cut the price target from $155 to $135 on May 9, 2023. This analyst has an accuracy rate of 63%.

Lake Street analyst Troy Jensen initiated coverage on the stock with a Buy rating and a price target of $130 on April 21, 2023. This analyst has an accuracy rate of 68%.

JP Morgan analyst Samik Chatterjee maintained an Overweight rating and cut the price target from $161 to $130 on April 19, 2023. This analyst has an accuracy rate of 74%.

B. Riley Securities analyst Dave Kang maintained a Neutral rating and increased the price target from $110 to $115 on Feb. 7, 2023. This analyst has an accuracy rate of 80%.

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