Fabrinet (NYSE: FN) has reported E.P.S. of $1.80 for its first fiscal quarter (ending September 30) versus $1.77 for the same period a year ago — an increase of 2%. Relative to the consensus estimate of $1.86, this was a shortfall of $-0.06. E.P.S. were $6.82 for the latest four quarters through September 30 versus $5.99 for the same period a year ago — an increase of 14%.
Recent Price Action
On 11/6/23, Fabrinet (NYSE: FN) stock declined modestly by -0.6%, closing at $161.59. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FN is expected to continue to be an important Value Builder.
Fabrinet has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Fabrinet has a slightly negative Appreciation Score of 34 but a very high Power Rating of 98, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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