Will Fabrinet (FN) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Fabrinet (FN) is positioned well to continue its trend of beating earnings estimates in the upcoming quarterly report, supported by a solid history of performance in the Zacks Electronics - Miscellaneous Components industry [1]. Summary by Sections Earnings Performance - Fabrinet has consistently beaten earnings estimates, with an average surprise of 7.35% over the last two quarters [2]. - In the last reported quarter, Fabrinet achieved earnings of $2.39 per share, exceeding the Zacks Consensus Estimate of $2.12 per share, resulting in a surprise of 12.74% [3]. - For the previous quarter, the company was expected to post earnings of $2.04 per share but delivered $2.08 per share, yielding a surprise of 1.96% [3]. Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Fabrinet, with a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of an earnings beat [4]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [5]. Analyst Sentiment - Fabrinet currently has an Earnings ESP of +0.78%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 indicates a potential for another earnings beat [7]. Importance of Earnings ESP - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6]. - It is crucial for investors to check a company's Earnings ESP before quarterly releases to enhance the likelihood of successful investment decisions [8].