Northland Securities Expects Stronger Earnings for Fabrinet

Key Points

• Northland Securities raised Fabrinet’s Q2 2027 EPS forecast to $4.21 from $4.18, while projecting $4.60 for Q3 and $4.94 for Q4.
• Fabrinet’s latest quarterly results exceeded expectations, with EPS of $4.10 versus the $3.81 consensus and revenue of $1.32 billion versus $1.28 billion expected. Revenue increased 44.6% year over year.
• Analyst sentiment remains favorable, with six Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $649.50; institutional investors own 97.38% of the stock.

Fabrinet (NYSE:FN - Free Report) - Investment analysts at Northland Securities raised their Q2 2027 earnings per share estimates for shares of Fabrinet in a research report issued to clients and investors on Tuesday, August 18th. Northland Securities analyst T. Savageaux now forecasts that the technology company will post earnings per share of $4.21 for the quarter, up from their prior forecast of $4.18. The consensus estimate for Fabrinet's current full-year earnings is $16.46 per share. Northland Securities also issued estimates for Fabrinet's Q3 2027 earnings at $4.60 EPS and Q4 2027 earnings at $4.94 EPS.

Fabrinet (NYSE:FN - Get Free Report) last released its quarterly earnings results on Monday, August 17th. The technology company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.81 by $0.29. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.28 billion. Fabrinet had a return on equity of 21.23% and a net margin of 10.19%.The firm's revenue was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 earnings per share. Fabrinet has set its Q1 2027 guidance at 4.100-4.250 EPS.

FN has been the topic of a number of other research reports. Fox Advisors raised Fabrinet from an "equal weight" rating to an "overweight" rating in a report on Wednesday, August 19th. Rosenblatt Securities reiterated a "buy" rating and set a $750.00 price target on shares of Fabrinet in a research report on Tuesday, August 18th. JPMorgan Chase & Co. boosted their price objective on shares of Fabrinet from $680.00 to $695.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 18th. Wall Street Zen lowered Fabrinet from a "buy" rating to a "hold" rating in a research note on Monday, July 20th. Finally, Barclays upped their price objective on Fabrinet from $702.00 to $739.00 and gave the company an "overweight" rating in a research report on Tuesday, August 18th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Fabrinet currently has an average rating of "Moderate Buy" and an average price target of $649.50.

Fabrinet Stock Performance

NYSE FN opened at $431.36 on Wednesday. The firm has a market cap of $15.46 billion, a PE ratio of 33.05 and a beta of 1.23. Fabrinet has a one year low of $309.91 and a one year high of $748.89. The firm's fifty day moving average is $508.26 and its two-hundred day moving average is $568.07.

Institutional Investors Weigh In On Fabrinet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Core Wealth Advisors LLC purchased a new stake in shares of Fabrinet during the fourth quarter worth about $25,000. Continuum Advisory LLC acquired a new position in Fabrinet during the 2nd quarter worth $25,000. Harbour Investments Inc. grew its holdings in Fabrinet by 75.0% during the 4th quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in shares of Fabrinet in the 1st quarter worth about $31,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Fabrinet in the 4th quarter worth about $32,000. Hedge funds and other institutional investors own 97.38% of the company's stock.

About Fabrinet

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.

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