Faro Technologies (FARO) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.72. The P/E ratio of FARO Technologies is -13.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. So, the shares are expected to perform in line with the market in the near future. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. On a per-share basis, the Lake Mary, Florida-based company said it had a loss of 50 cents. The company had revenue of $79.52 million for the quarter, compared to analysts’ expectations of $55.39 million. FARO Technologies has only been the subject of 1 research reports in the past 90 days.FARO Technologies does not currently pay a dividend. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of “Hold.”FARO Technologies has received a consensus rating of Hold. The scientific and technical instruments company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.70. FARO Technologies has generated $0.65 earnings per share over the last year.

In his spare time he enjoys reading and writing easy and gripping articles.Wall street estimates Earnings report FARO Technologies (NASDAQ:FARO)Earnings for FARO Technologies are expected to grow by 206.45% in the coming year, from $0.62 to $1.90 per share. The scientific and technical instruments company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.70. The company had revenue of $79.52 million for the quarter, compared to analysts’ expectations of $55.39 million. FARO Technologies does not have a long track record of dividend growth.In the past three months, FARO Technologies insiders have not sold or bought any company stock. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Faro Technologies shares have added about 3.1% since the beginning of the year versus the S&P 500's decline of -10.9%.While Faro Technologies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. A quarter ago, it was expected that this computer-aided measurement and imaging devices and software company would post a loss of $0.06 per share when it actually produced earnings of $0.18, delivering a surprise of 400%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Faro Technologies, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $79.52 million for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 43.56%. Their average twelve-month price target is $60.00, suggesting that the stock has a possible upside of 3.59%.

The company’s average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. High institutional ownership can be a signal of strong market trust in this company.has been editor at a well established media. This compares to earnings of $0.01 per share a … For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 0.62 and remained the same over the past month at 0.62 . This compares to earnings of $0.01 per share a …

The following information was filed by Faro Technologies Inc (FARO) on Wednesday, February 19, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Tesla’s Outback Big Battery Fails to Retake Crown After Upgrade'The reality is our deal makes the most sense' : Triller Executive Chairman on the company's bid for TikTokFederal Reserve: We got it ‘wrong’ on post-crisis rate hikesLoan company sued thousands of low-income Latinos during pandemic: reportHow Gamelancer is helping gamers earn revenue as freelancers for hireAmazon's new offerings make India centre of fintech pushWorkers will see smaller paychecks next year under Trump's payroll tax deferralWalmart unveils 'ultimate life hack,' a $98 membership with access to gas, groceries and free deliveryFacebook Sends World a Warning With Threat to Australian NewsOkta CEO is crushing burpees — and quarterly earningsMARKETS: Nasdaq, S&P 500 surge to record closing highs — YF Premium is bearish on Chegg (CHGG)Amazon Drivers Are Hanging Smartphones in Trees to Get More WorkThe Trump payroll tax break you won’t see on your paycheckU.S. Faro Technologies (FARO) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.72. Losses, adjusted for non-recurring costs, were 36 cents per share. Only 3.10% of the stock of FARO Technologies is held by insiders. On Nov. 3, 2015, FARO Technologies, Inc. (FARO) declared its financial results for the third quarter ended September 26, 2015. In terms of the Zacks Industry Rank, Computer - Integrated Systems is currently in the bottom 32% of the 250 plus Zacks industries. FARO Technologies last announced its quarterly earnings results on April 28th, 2020. Faro Technologies (FARO) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2020. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Faro Technologies was mixed.


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