This Industry Outlook article has featured BWX, Fabrinet, and OSI Systems.
On Tuesday, Fabrinet (NYSE: FN) had a notable trading day. Steven Fox from Fox Advisors started his coverage of the company with a strong buy recommendation, setting a price target of $270 per share. In their announcement, Fox and his colleague Aneesha Patel highlighted that Fabrinet has consistently been a top electronics manufacturing services provider, focusing on a strong supply chain in the appealing optical communications market since its establishment in 2000.
Fabrinet's stock has had a tough time over the last year, and the Q2 results released last week did not improve investor confidence. We discuss key aspects of the earnings report and explore why the company's struggles continue, even with strong performance and improved forecasts. Although Fabrinet's forward P/E ratio is slightly higher than its historical average, the solid earnings growth could help justify that premium.
Fabrinet (FN) could see an increase in value due to rising confidence in its earnings potential, as shown by its upgrade to a Zacks Rank #1 (Strong Buy).
Fabrinet FN announced positive results for the second quarter on Monday.
The main figures for Fabrinet (FN) provide an overview of the company's performance for the quarter that ended in December 2024. However, it could be useful to compare some important metrics with Wall Street predictions and the results from the same period last year.
Fabrinet (NYSE:FN) will hold its Q2 2025 Earnings Conference Call on February 9, 2025, at 5:00 PM ET. The call will feature company representatives, including Garo Toomajanian, Seamus Grady, and Csaba Sverha, along with participants from various financial institutions. The operator will begin the call by welcoming everyone to discuss Fabrinet's financial results for the second quarter of the fiscal year 2025.
Fabrinet (FN) reported quarterly earnings of $2.61 per share, which is higher than the Zacks Consensus Estimate of $2.51 per share. This is an increase compared to earnings of $2.08 per share from the same period last year.
The company achieved record revenue and earnings per share in the second quarter, exceeding the expected ranges. This performance highlights strong financial results for the period.
FN is doing well because of growth in Optical Communications and the Automotive sector. However, they are facing difficulties due to foreign exchange losses and tough competition.