These Analysts Revise Their Forecasts On Fabrinet After Q2 Results

Core Insights - Fabrinet reported strong second-quarter results with revenue of $833.6 million, exceeding the consensus estimate of $814.3 million, and adjusted EPS of $2.61, surpassing the consensus of $2.50 [1][2] Financial Performance - The company anticipates third-quarter FY25 revenue between $850 million and $870 million, which is above the street view of $825.72 million. Adjusted EPS is projected to be between $2.55 and $2.63, aligning with the street view of $2.55 [2] Market Reaction - Following the earnings announcement, Fabrinet shares fell by 9.6%, trading at $203.79 [3] Analyst Ratings - JP Morgan analyst maintained a Neutral rating and lowered the price target from $275 to $265 - Barclays analyst kept an Equal-Weight rating and reduced the price target from $292 to $245 - Rosenblatt analyst maintained a Buy rating and raised the price target from $280 to $285 - Needham analyst reiterated a Buy rating with a maintained price target of $280 [4]