Ichor (US:ICHR) ZACKS·2024-08-06 23:15Company Performance - Ichor Holdings reported quarterly earnings of $0.05 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, and up from $0.02 per share a year ago, representing an earnings surprise of 66.67% [1] - The company posted revenues of $203.23 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 2.77%, compared to year-ago revenues of $185.01 million [2] - Over the last four quarters, Ichor Holdings has surpassed consensus revenue estimates four times, but has only beaten EPS estimates once [2] Stock Performance - Ichor Holdings shares have declined approximately 16.2% since the beginning of the year, while the S&P 500 has gained 8.7% [3] - The current Zacks Rank for Ichor Holdings is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.12 on revenues of $202.85 million, and for the current fiscal year, it is $0.28 on revenues of $816.03 million [7] - The outlook for the Electronics - Semiconductors industry, where Ichor Holdings operates, is currently in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8] Industry Context - Broadcom Inc., another company in the same industry, is expected to report quarterly earnings of $1.20 per share, reflecting a year-over-year change of +14.3%, with revenues anticipated to be $12.9 billion, up 45.4% from the year-ago quarter [9][10]