Record Quarterly Revenue, Profitability at the Top End of the Outlook Range; Sees Reduced Demand for Foundry and Logic in Q4, Partially Offset by Continued Strength in DRAM LIVERMORE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the third quarter of fiscal 2024 ended September 28, 2024. Quarterly revenues were $207.9 million, a company record and an increase of 5.3% compared to $197.5 million in the second quarter of fiscal 2024, and an ...

The market expects FormFactor (FORM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers ...

FormFactor (FORM) closed the last trading session at $44.12, gaining 0.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $61.11 indicates a 38.5% upside potential.The mean estimate comprises nine short-term price targets with a standard deviation of $8.65. While the lowest estimate of $46 indicates a 4.3% increase from the current price level, the most optimistic analyst expects t ...

Shares of FormFactor (FORM) have gained 1.2% over the past four weeks to close the last trading session at $44.99, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $61.11 indicates a potential upside of 35.8%. The average comprises nine short-term price targets ranging from a low of $46 to a high of $74, with a standard deviation of $8.65. While the lowest estimate indicates an i ...

Shares of FormFactor Inc (FORM, Financial) surged 3.01% in mid-day trading on Oct 2. The stock reached an intraday high of $45.77, before settling at $45.50, up from its previous close of $44.17. This places FORM 28.49% below its 52-week high of $63.63 and 44.40% above its 52-week low of $31.51. Trading volume was 69,047 shares, 10.7% of the average daily volume of 647,436. Wall Street Analysts Forecast Based on the one-year price targets offered by 9 analysts, the average target price for FormFactor Inc (F ...

Investors might want to bet on FormFactor (FORM) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a cha ...

FormFactor (FORM) has been on a downward spiral lately with significant selling pressure. After declining 31.9% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

FormFactor (FORM) delivered second-quarter 2024 adjusted earnings of 35 cents per share, beating the Zacks Consensus Estimate by 12.90%. The company reported earnings of 14 cents per share in the year-ago quarter. Revenues of $197 million beat the Zacks Consensus Estimate by 1.26% and increased 26.7% on a year-overyear basis. The top-line growth can primarily be attributed to robust demand for probe cards. Segments in Detail Probe card revenues were $166.8 million, up 44.7% year over year. Foundry & Logic ( ...

FormFactor, Inc. (NASDAQ:FORM) Q2 2024 Earnings Conference Call July 31, 2024 4:25 PM ET Company Participants Stan Finkelstein - Investor Relations Michael Slessor - President, CEO & Director Shai Shahar - CFO Conference Call Participants Craig Ellis - B. Riley Securities Charles Shi - Needham & Company Tom Diffely - D.A. Davidson Christian Schwab - Craig-Hallum Brian Chin - Stifel Nicolaus Robert Mertens - TD Cowen Operator Thank you, and welcome, everyone, to FormFactor's second-quarter 2024 earnings conf ...

EXHIBIT 99.01 News Release Investor Contact: Stan Finkelstein Investor Relations (925) 290-4321 ir@formfactor.com FORMFACTOR, INC. REPORTS 2024 SECOND QUARTER RESULTS Q2 Revenue and Profitability Exceed the Midpoint of the Outlook Range; Sees Steady Overall Demand in the Third Quarter LIVERMORE, Calif. — July 31, 2024 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the second quarter of fiscal 2024 ended June 29, 2024. Quarterly revenues were $197.5 million, an increase of 17.0% c ...