Aehr Test Systems (AEHR) Beats Q1 Earnings and Revenue Estimates

Company Performance - Aehr Test Systems reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.01 per share, but down from $0.18 per share a year ago, representing an earnings surprise of 600% [1] - The company achieved revenues of $13.12 million for the quarter ended August 2024, surpassing the Zacks Consensus Estimate by 10.24%, compared to $20.62 million in revenues a year ago [1] - Over the last four quarters, Aehr Test Systems has surpassed consensus EPS estimates four times and revenue estimates two times [1] Stock Outlook - The stock has underperformed, losing about 50.1% since the beginning of the year, while the S&P 500 has gained 21.4% [2] - The current consensus EPS estimate for the coming quarter is $0.09 on revenues of $17.5 million, and for the current fiscal year, it is $0.33 on revenues of $72.3 million [4] Industry Context - The Electronics - Measuring Instruments industry, to which Aehr Test Systems belongs, is currently in the top 10% of over 250 Zacks industries, indicating a favorable outlook [5] - The performance of Aehr Test Systems may be influenced by the overall industry outlook, as top-ranked industries tend to outperform lower-ranked ones by a factor of more than 2 to 1 [5]