Published on 4 May 2024 on Simply Wall St. via Yahoo Finance
FARO Technologies, Inc. (NASDAQ:FARO) Analysts Are Pretty Bullish On The Stock After Recent Results
A week ago, FARO Technologies, Inc. (NASDAQ:FARO) came out with a strong set of first-quarter numbers that could potentially lead to a re-rate of the stock. Results overall were credible, with revenues arriving 3.9% better than analyst forecasts at US$84m. Higher revenues also resulted in lower statutory losses, which were US$0.38 per share, some 3.9% smaller than the analysts expected. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
See our latest analysis for FARO Technologies
