Semiconductor materials supplier Entegris (NASDAQ: ENTG) will be announcing earnings results this Wednesday before market hours. Here’s what investors should know.
Entegris missed analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $773.2 million, flat year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter slightly missing analysts’ expectations and a significant miss of analysts’ EPS 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 decline 6.1% year on year to $763.3 million, improving from the 9.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.64 per share.
Heading into earnings, analysts covering the company have grown increasingly bearish with revenue estimates seeing 3 downward revisions over the last 30 days (we track 8 analysts). Entegris has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Entegris’s peers in the semiconductors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Amkor delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 6.3%, and Micron reported revenues up 36.6%, topping estimates by 4.9%. Micron traded down 1.2% following the results.
Read our full analysis of Amkor’s results here and Micron’s results here.
There has been positive sentiment among investors in the semiconductors segment, with share prices up 4.9% on average over the last month. Entegris is up 11.6% during the same time and is heading into earnings with an average analyst price target of $102 (compared to the current share price of $90).
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