For its third fiscal quarter (ending March 31), Fabrinet (NYSE: FN) has reported a 38% increase in E.P.S. from $1.62 a year ago to $2.23 in the current quarter. However, this result fell short of the consensus estimate of $2.33 by $-0.09. For the latest four quarters through March 31, E.P.S. were $7.60 versus $6.65 for the same period a year ago — an increase of 14%.
Recent Price Action
On 5/6/24, Fabrinet (NYSE: FN) stock enjoyed a very large increase of 5.4%, closing at $188.83. Moreover, exceptionally high trading volume at 202% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.6% during the last week.
Current PriceTarget Research Rating
FN’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Fabrinet has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Fabrinet has a slightly negative Appreciation Score of 34 but a good Power Rating of 76, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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