Entegris (ENTG) Q4 Earnings: What To Expect

Anthony Lee /
2023/02/13 4:12 am EST

Semiconductor materials supplier Entegris (NASDAQ:ENTG) will be reporting earnings tomorrow before the bell. Here's what to look for.

Last quarter Entegris reported revenues of $993.8 million, up 71.5% year on year, missing analyst expectations by 1.9%. Despite the strong topline growth, it was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a miss of the top line analyst estimates.

Is Entegris buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Entegris's revenue to grow 49.4% year on year to $949.1 million, improving on the 22.7% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.78 per share.

Entegris Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Entegris's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Kulicke and Soffa's revenues decreased 61.8% year on year, missing analyst estimates by 0.15% and FormFactor reported revenue decline of 19% year on year, exceeding estimates by 6.89%. Kulicke and Soffa traded up 1.19% on the results, and FormFactor was up 1.97%. Read our full analysis of Kulicke and Soffa's results here and FormFactor's results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 6.91% over the last month. Entegris is up 5.62% during the same time, and is heading into the earnings with analyst price target of $96.1, compared to share price of $84.15.

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The author has no position in any of the stocks mentioned.