Does Earnings Surprise History Hold Any Clue for Fabrinet (NYSE:FN)

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Earnings results for Fabrinet (NYSE:FN)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.7 and remained the same over the past month at 0.7. none raised and none lowered their forecast. For the fiscal year ending Jun 2020 , the consensus EPS* forecast has remained the same over the past week at 3.06 and remained the same over the past month at 3.06 . none raised and none lowered their forecast.

Analyst Opinion on Fabrinet (NYSE:FN)

8 Wall Street analysts have issued ratings and price targets for Fabrinet in the last 12 months. Their average twelve-month price target is $63.38, suggesting that the stock has a possible downside of 13.26%. The high price target for FN is $81.00 and the low price target for FN is $32.00. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Fabrinet has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $63.38, Fabrinet has a potential downside of 13.3% from its current price of $73.06. Fabrinet has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Fabrinet (NYSE:FN)

Fabrinet does not currently pay a dividend. Fabrinet does not have a long track record of dividend growth.

Insiders buying/selling: Fabrinet (NYSE:FN)

In the past three months, Fabrinet insiders have not sold or bought any company stock. Only 1.00% of the stock of Fabrinet is held by insiders. 95.81% of the stock of Fabrinet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Fabrinet (NYSE:FN

Earnings for Fabrinet are expected to grow by 15.03% in the coming year, from $3.06 to $3.52 per share. The P/E ratio of Fabrinet is 23.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.42. The P/E ratio of Fabrinet is 23.19, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.42. Fabrinet has a P/B Ratio of 3.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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