Semiconductor materials supplier Entegris (NASDAQ: ENTG) will be announcing earnings results this Thursday morning. Here’s what you need to know.
Entegris beat analysts’ revenue expectations last quarter, reporting revenues of $823.9 million, down 3.1% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ adjusted operating income estimates.
Is Entegris a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Entegris’s revenue to grow 4.5% year on year, improving from its flat revenue in the same quarter last year.
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 multiple times over the last two years.
Looking at Entegris’s peers in the semiconductor manufacturing segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Teradyne delivered year-on-year revenue growth of 87%, beating analysts’ expectations by 5.6%, and Lam Research reported revenues up 23.8%, topping estimates by 1.7%. Lam Research traded down 2.6% following the results.
Read our full analysis of Teradyne’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 43% on average over the last month. Entegris is up 34% during the same time and is heading into earnings with an average analyst price target of $147.60 (compared to the current share price of $145.63).
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