FormFactor (FORM) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - FormFactor (FORM) reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and showing an increase from $0.22 per share a year ago, resulting in an earnings surprise of 12.90% [1][2] - The company achieved revenues of $207.92 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.70% and increasing from $171.58 million year-over-year [2] - FormFactor has outperformed consensus revenue estimates four times over the last four quarters [2] Earnings Outlook - The sustainability of FormFactor's stock price movement will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.31 on revenues of $196.22 million, and for the current fiscal year, it is $1.16 on revenues of $762.88 million [7] Industry Context - The Electronics - Semiconductors industry, to which FormFactor belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]