Ichor Holdings (ICHR) Surpasses Q3 Earnings and Revenue Estimates

Company Performance - Ichor Holdings reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and up from $0.07 per share a year ago, representing an earnings surprise of 9.09% [1] - The company posted revenues of $211.14 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.98%, compared to year-ago revenues of $196.76 million [2] - Over the last four quarters, Ichor Holdings has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Market Performance - Ichor Holdings shares have declined approximately 18.7% since the beginning of the year, while the S&P 500 has gained 20.1% [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 $0.19 on revenues of $216.8 million, and for the current fiscal year, it is $0.28 on revenues of $824.78 million [7] - The outlook for the Electronics - Semiconductors industry, where Ichor Holdings operates, is currently in the bottom 41% of over 250 Zacks industries, which may impact stock performance [8]