3D measurement and imaging company FARO (NASDAQ:FARO) will be reporting earnings tomorrow morning. Here’s what investors should know. FARO beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $93.54 million, down 5.4% year on year. It was an exceptional quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. Is FARO a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting FARO’s revenue to decline 4.7% year on year to $80.25 million, a deceleration from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.FARO Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FARO has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.5% on average. Looking at FARO’s peers in the electrical equipment segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Badger Meter delivered year-on-year revenue growth of 13.2%, meeting analysts’ expectations, and Teledyne reported revenues up 7.4%, topping estimates by 1.5%. Badger Meter traded up 8.8% following the results. Read our full analysis of Badger Meter’s results here and Teledyne’s results here. Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. We prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. View Comments
Earnings To Watch: FARO (FARO) Reports Q1 Results Tomorrow
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