Yahoo Finance Earnings To Watch: Entegris (ENTG) Reports Q2 Results Tomorrow
Semiconductor materials supplier Entegris (NASDAQ:ENTG) will be reporting earnings tomorrow before the bell. Here's what to look for.
Entegris met analysts' revenue expectations last quarter, reporting revenues of $771 million, down 16.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts' EPS estimates but underwhelming revenue guidance for the next quarter.
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 decline 10.9% year on year to $802.4 million, a reversal from the 30.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share.
The majority of analysts covering the company have 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 four times over the last two years.
Looking at Entegris's peers in the semiconductor manufacturing segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Amkor posted flat year-on-year revenue, meeting analysts' expectations, and Teradyne reported revenues up 6.6%, topping estimates by 4.1%. Teradyne traded down 13.2% following the results.
Read our full analysis of Amkor's results here and Teradyne's results here.
Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. 2024 has seen more volatile stock performance thanks to mixed inflation data, and while some of the semiconductor manufacturing stocks have fared somewhat better, they have not been spared, with share prices down 4.1% on average over the last month. Entegris is down 4% during the same time and is heading into earnings with an average analyst price target of $149.1 (compared to the current share price of $128.16).
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