Fabrinet is expected to report strong profit and sales growth for the fiscal fourth quarter and full year 2022 on continued strong demand for its products when it posts its latest earnings after the market close on Monday, August 21.
Wall Street analysts, on average, expect the manufacturer to report adjusted earnings per share (EPS) of $1.80, 7.1% higher than the year-ago quarter when Fabrinet reported EPS of $1.68.
Revenue is expected to rise 9% from $587.9 million in the year-ago quarter to $641.9 million, according to Zacks Consensus Estimate.
The manufacturer itself on May 8, when it handed down its 3Q results, guided 4Q revenue to be in the range of $630 million to $650 million.
Adjusted EPS is expected to be in the range of $1.76 to $1.83.
For the full-year 2023, Wall Street analysts expect EPS to increase by 24.1% to $7.61 from $6.13 for fiscal 2022.
They expect revenue to also increase 16.3% from $2.26 billion to $2.63 billion.
Fabrinet shares traded modestly higher ahead of its results, up 0.5% at $116.85 on Friday afternoon.
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