Ultime notizie per Faro Technologies (NASDAQ:FARO) Azioni

Faro Technologies

Faro Technologies Inc is a technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.

Faro Technologies Inc

Needham analyst James Ricchiuti maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and lowers the price target from $27 to $24.

News

Price Target

Analyst Ratings

FARO

Needham Maintains Buy on Faro Technologies, Lowers Price Target to $24

Craig-Hallum maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and lowers the price target from $29 to $25.

Craig-Hallum Maintains Buy on Faro Technologies, Lowers Price Target to $25

Outlook&nbsp;for the&nbsp;Third Quarter&nbsp;2024
For the&nbsp;third quarter&nbsp;ending&nbsp;September 30, 2024, FARO currently expects:
<ul>
<li>Revenue in the range of&nbsp;$76&nbsp;to&nbsp;$84 million</li>
<li>Gross margin in the range of&nbsp;53.0%&nbsp;to&nbsp;54.5%. Non-GAAP gross margin in the range of&nbsp;53.5%&nbsp;to&nbsp;55.0%</li>
<li>Operating expenses in the range of&nbsp;$45&nbsp;to&nbsp;$47 million. Non-GAAP operating expenses in the range of&nbsp;$40&nbsp;to&nbsp;$42 million</li>
<li>Net loss per share in the range of&nbsp;($0.32)&nbsp;to&nbsp;($0.12). Non-GAAP net loss to net income per share in the range of&nbsp;$(0.01)&nbsp;to&nbsp;$0.19.</li>
</ul>

Earnings

Guidance

FARO Technologies Expects Q3 Revenue Of $76M-$84M Vs. $83.609M Consensus; Sees Adj. EPS Of $(0.01) to $0.19 Vs. $(0.02) Consensus

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) reported quarterly earnings of $0.18 per share which beat the analyst consensus estimate of $0.01 by 1700 percent. This is a 131.58 percent increase over losses of $(0.57) per share from the same period last year. The company reported quarterly sales of $82.085 million which missed the analyst consensus estimate of $83.651 million by 1.87 percent. This is a 6.94 percent decrease over sales of $88.211 million the same period last year.

Earnings Beats

Earnings Misses

Faro Technologies Q2 2024 Adj. EPS $0.18 Beats $0.01 Estimate, Sales $82.085M Miss $83.651M Estimate

Needham analyst James Ricchiuti reiterates Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and maintains $27 price target.

Reiteration

Needham Reiterates Buy on Faro Technologies, Maintains $27 Price Target

or the&nbsp;second quarter&nbsp;ending&nbsp;June 30, 2024, FARO currently expects:&nbsp;
	Gross margin in the range of&nbsp;50.5%&nbsp;to&nbsp;52.0%. Non-GAAP gross margin in the range
or the&nbsp;second quarter&nbsp;ending&nbsp;June 30, 2024, FARO currently expects:&nbsp;
<ul>
<li>Gross margin in the range of&nbsp;50.5%&nbsp;to&nbsp;52.0%. Non-GAAP gross margin in the range of&nbsp;51.0%&nbsp;to&nbsp;52.5%</li>
<li>Net loss per share in the range of&nbsp;($0.43)&nbsp;to&nbsp;($0.23)</li>
</ul>

FARO Technologies Expects Q2 Revenue Of $79M-$87M, Est $85.24M; Adj EPS Of $(0.08) to $0.12, Est $(0.02)

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $(0.12) by 175 percent. This is a 123.68 percent increase over losses of $(0.38) per share from the same period last year. The company reported quarterly sales of $84.244 million which beat the analyst consensus estimate of $81.070 million by 3.92 percent. This is a 0.85 percent decrease over sales of $84.967 million the same period last year.

Faro Technologies Q1 2024 Adj EPS $0.09 Beats $(0.12) Estimate, Sales $84.244M Beat $81.070M Estimate

Management

On March 14, Faro Technologies' Board Confirmed Yuval Wasserman Would Return To Chairman Role Effective As Of April 15, 2024

FARO Technologies Expects Q1 Revenue Of $77M-$85M, Est $81.37M; Adj Loss Per Share Of ($0.20)-$0.00, Est $(0.10)

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) reported quarterly earnings of $0.36 per share which beat the analyst consensus estimate of $0.21 by 71.43 percent. This is a 5.26 percent decrease over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $98.84 million which beat the analyst consensus estimate of $96.17 million by 2.77 percent. This is a 4.83 percent decrease over sales of $103.86 million the same period last year.

Faro Technologies Q4 2023 Adj EPS $0.36 Beats $0.21 Estimate, Sales $98.84M Beat $96.17M Estimate

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Earnings Scheduled For February 27, 2024

Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.
Analysts estimate that Faro Technologies will report an earnings per share (EPS) of $0.21. 
Faro Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.26, which was followed by a 15.86% increase in the share price the next day.
Here's a look at Faro Technologies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.24</td>
<td>-0.40</td>
<td>-0.13</td>
<td>0.34</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.02</td>
<td>-0.14</td>
<td>-0.38</td>
<td>0.38</td>
</tr>
<tr>
<td>Price Change %</td>
<td>16.0%</td>
<td>21.0%</td>
<td>-44.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708981262_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Faro Technologies were trading at $20.88 as of February 23. Over the last 52-week period, shares are down 20.44%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/FARO/earnings">To track all earnings releases for Faro Technologies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Faro Technologies Earnings Preview

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Shares of several companies in the broader tech sector are trading lower as Treasury yields rise following a greater-than-expected increase in U.S. January inflation data.

Needham analyst James Ricchiuti maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and raises the price target from $22 to $27.

Needham Maintains Buy on Faro Technologies, Raises Price Target to $27

FARO Technologies Appoints Matthew Horwath As SVP & CFO; Succeeds Allen Muhich Effective Immediately

General

FARO Successfully Completes SOC 2 Type II Audit

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Shares of tech stocks are trading higher amid a drop in yields following softer-than-expected October inflation figures, which has lifted growth sectors.

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