Analysts Offer Predictions for Fabrinet Q3 Earnings

Key Points

• Northland Securities raised its Q3 2027 EPS estimate for Fabrinet to $4.94 from $4.60, and forecasts $5.24 EPS for Q4 2027.
• Fabrinet’s latest quarter beat expectations, with EPS of $4.34 versus $4.21 and revenue of $1.47 billion versus $1.42 billion; revenue grew 50.7% year over year.
• Analyst views are mixed, though the consensus rating is Moderate Buy with an average price target of $548.88. Several firms recently cut their price targets.

Fabrinet (NYSE:FN - Free Report) - Equities researchers at Northland Securities increased their Q3 2027 earnings per share (EPS) estimates for shares of Fabrinet in a report released on Tuesday, November 3rd. Northland Securities analyst T. Savageaux now expects that the technology company will post earnings per share of $4.94 for the quarter, up from their prior forecast of $4.60. The consensus estimate for Fabrinet's current full-year earnings is $18.96 per share. Northland Securities also issued estimates for Fabrinet's Q4 2027 earnings at $5.24 EPS and FY2027 earnings at $19.12 EPS.

Fabrinet (NYSE:FN - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The technology company reported $4.34 EPS for the quarter, topping analysts' consensus estimates of $4.21 by $0.13. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.42 billion. Fabrinet had a return on equity of 22.32% and a net margin of 9.35%. The firm's revenue was up 50.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.92 EPS.

Other analysts have also recently issued reports about the stock. B. Riley Financial decreased their price objective on shares of Fabrinet from $431.00 to $385.00 and set a "neutral" rating for the company in a research note on Friday, October 30th. Rosenblatt Securities dropped their price objective on shares of Fabrinet from $750.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, November 3rd. Weiss Ratings lowered shares of Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, September 9th. Susquehanna reduced their target price on shares of Fabrinet from $850.00 to $600.00 and set a "positive" rating for the company in a report on Wednesday, October 21st. Finally, Wall Street Zen cut shares of Fabrinet from a "buy" rating to a "hold" rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Fabrinet presently has a consensus rating of "Moderate Buy" and an average price target of $548.88.

Fabrinet Price Performance

Shares of NYSE:FN opened at $328.22 on Monday. Fabrinet has a twelve month low of $286.07 and a twelve month high of $748.89. The company's 50 day moving average is $394.16 and its 200 day moving average is $518.32. The company has a current ratio of 2.04, a quick ratio of 1.33 and a debt-to-equity ratio of 0.03. The company has a market cap of $11.72 billion, a PE ratio of 24.77 and a beta of 1.35.

Institutional Investors Weigh In On Fabrinet

Institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC acquired a new stake in shares of Fabrinet in the second quarter valued at about $25,000. Byrne Asset Management LLC purchased a new stake in shares of Fabrinet during the third quarter worth about $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Fabrinet during the first quarter worth about $31,000. Root Financial Partners LLC acquired a new position in shares of Fabrinet during the 3rd quarter worth about $40,000. Finally, Heritage Family Offices LLP acquired a new position in shares of Fabrinet during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 97.38% of the company's stock.

Insider Buying and Selling at Fabrinet

In other news, EVP Edward Archer sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $385.91, for a total transaction of $964,775.00. Following the transaction, the executive vice president owned 7,007 shares in the company, valued at $2,704,071.37. This trade represents a 26.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

About Fabrinet

Fabrinet NYSE: FN is a provider of advanced optical packaging and precision manufacturing services. The company works with original equipment manufacturers and other technology companies to produce complex products that require specialized engineering and manufacturing capabilities.

Its services include product design and engineering support, prototyping, supply-chain management, and manufacturing. Fabrinet's products serve markets including optical communications, industrial lasers, automotive technology, and medical devices.

Founded in 1999, Fabrinet serves customers around the world through manufacturing operations in multiple countries.

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