- FARO Technologies (FARO, Financial) is gearing up for a notable earnings release this April, with analysts projecting a significant EPS increase.
- Despite a decline in revenue, analysts are optimistic, setting favorable price targets that imply substantial upside potential.
- Investors should weigh the contradictory signals from analyst recommendations and GF Value estimates for a balanced outlook.
FARO Technologies (FARO) is preparing to announce its earnings for the first quarter on April 24. Analysts have set their sights on an impressive earnings per share (EPS) of $0.16, which represents a striking 77.8% year-over-year increase. However, the company is facing a 4.7% decline in revenue, projected to be $80.25 million. Historically, FARO has a robust track record of exceeding expectations, delivering EPS and revenue surprises in an impressive 88% of the quarters.
Wall Street Analysts Forecast
Currently, two analysts have provided their one-year price targets for Faro Technologies Inc (FARO, Financial). The average target price stands at $38.50, with projections ranging from a high of $40.00 to a low of $37.00. This average target suggests a potential upside of 46.44% from the current trading price of $26.29. For those seeking further detail, more comprehensive estimate data can be accessed on the Faro Technologies Inc (FARO) Forecast page.
Consensus from two brokerage firms reveals an "Outperform" status for Faro Technologies Inc (FARO, Financial), with an average brokerage recommendation of 2.0. This rating scale ranges from 1 to 5, where 1 indicates a Strong Buy and 5 suggests a Sell.
Despite the optimistic analyst targets, GuruFocus estimates present a more cautious assessment. The estimated GF Value for Faro Technologies Inc (FARO, Financial) stands at $22.33, indicating a projected downside of 15.06% from the current price of $26.29. The GF Value is GuruFocus' fair value estimate, derived from the historical trading multiples, past business growth, and future business performance projections. More in-depth data is available on the Faro Technologies Inc (FARO) Summary page.
