FormFactor Inc (NASDAQ: FORM) has reported E.P.S. of $0.28 for its first fiscal quarter (ending March 31) versus $0.02 for the same period a year ago — an increase of 1300%. However, this result fell short of the consensus estimate of $0.34 by $-0.06. For the latest four quarters through March 31, E.P.S. were $1.33 versus $0.29 for the same period a year ago — an increase of 359%.
Recent Price Action
On 5/1/24, FormFactor Inc (NASDAQ: FORM) stock declined modestly by -1.3%, closing at $43.99. NORMAL trading volume accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.2% during the last week.
Current PriceTarget Research Rating
FORM’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
FormFactor has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. FormFactor has a poor Appreciation Score of 20 but a good Power Rating of 82, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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