Semiconductor materials supplier Entegris (NASDAQ:ENTG) will be reporting results this Tuesday morning. Here’s what to expect.
Entegris beat analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $807.1 million, flat year on year. It was a slower quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and EPS in line with analysts’ estimates.
Is Entegris a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Entegris’s revenue to decline 4.4% year on year to $812.4 million, a reversal from the 4.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.66 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Entegris has missed Wall Street’s revenue estimates twice over the last two years.
Looking at Entegris’s peers in the semiconductor manufacturing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Teradyne delivered year-on-year revenue growth of 43.9%, beating analysts’ expectations by 11%, and Kulicke and Soffa reported revenues up 20.2%, topping estimates by 5%. Teradyne traded up 13.4% following the results while Kulicke and Soffa was also up 19.3%.
Read our full analysis of Teradyne’s results here and Kulicke and Soffa’s results here.
There has been positive sentiment among investors in the semiconductor manufacturing segment, with share prices up 9% on average over the last month. Entegris is up 20.6% during the same time and is heading into earnings with an average analyst price target of $116.73 (compared to the current share price of $122.33).
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