Semiconductor materials supplier Entegris (NASDAQ: ENTG) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Entegris beat analysts’ revenue expectations by 3.3% last quarter, reporting revenues of $849.8 million, up 4.6% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Entegris a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Entegris’s revenue to grow 2.4% year on year to $789.9 million, a reversal from the 16.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.68 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Entegris has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Entegris’s peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. FormFactor delivered year-on-year revenue growth of 1.6%, beating analysts’ expectations by 0.9%, and Amkor reported a revenue decline of 3.2%, topping estimates by 3%. FormFactor traded up 3.1% following the results while Amkor was down 2.7%.
Read our full analysis of FormFactor’s results here and Amkor’s results here.
There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 17.6% on average over the last month. Entegris is up 25.5% during the same time and is heading into earnings with an average analyst price target of $115.70 (compared to the current share price of $83.89).
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