Quick Summary:
- Photronics (PLAB, Financial) reported Q2 non-GAAP EPS of $0.40, falling short by $0.08.
- Revenue decreased by 2.8% year-over-year to $210.99 million, slightly below expectations.
- The company forecasts Q3 2025 revenues between $200 million and $208 million.
Photronics' Performance and Outlook
Photronics (PLAB) has recently reported its second-quarter financial results, unveiling a non-GAAP earnings per share (EPS) of $0.40. This figure missed analyst predictions by $0.08, marking a point of concern for investors. Revenue fell by 2.8% year-over-year, reaching $210.99 million, which is marginally below market estimates. Moving forward, Photronics anticipates fiscal Q3 2025 revenues to be in the range of $200 million to $208 million, with projected earnings per share oscillating between $0.35 to $0.41.
Wall Street Analysts Forecast
Analysts hold optimistic projections for Photronics, presenting one-year price targets. The average target price is set at $35.50, with estimates spanning from a low of $35.00 to a high of $36.00. This suggests a significant upside potential of 76.97% from the current stock price of $20.06. For a more comprehensive view, explore detailed data on the Photronics Inc (PLAB, Financial) Forecast page.
Brokerage Recommendations and GF Value
On the brokerage front, Photronics is receiving favorable insights. The average brokerage recommendation stands at 1.5, reflecting a "Buy" status. This rating operates on a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell. Investors should consider these ratings as part of their strategic decision-making process.
According to GuruFocus's estimates, the GF Value for Photronics is calculated to be $23.42 for the upcoming year. This indicates a potential upside of 16.75% from its current trading price of $20.06. The GF Value estimation takes into account the historical trading multiples of the stock, past business growth, and future business performance forecasts. For further insights, visit the Photronics Inc (PLAB, Financial) Summary page.
