Semiconductor materials supplier Entegris (NASDAQ: ENTG) will be reporting results this Thursday morning. Here’s what investors should know.
Entegris beat analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $792.4 million, down 2.5% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts’ revenue estimates but revenue guidance for next quarter slightly missing analysts’ expectations.
Is Entegris a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Entegris’s revenue to be flat year on year at $802 million, improving from the 9.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 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 three times over the last two years.
Looking at Entegris’s peers in the semiconductor manufacturing segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Amkor delivered year-on-year revenue growth of 6.7%, beating analysts’ expectations by 2.6%, and Lam Research reported revenues up 27.7%, topping estimates by 1.6%. Amkor traded down 3.1% following the results while Lam Research was up 4.3%.
Read our full analysis of Amkor’s results here and Lam Research’s results here.
There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 10% on average over the last month. Entegris’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $100.83 (compared to the current share price of $92.75).
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