Q1 EPS Estimates for Fabrinet Lifted by Northland Securities

Key Points

• Northland Securities raised Fabrinet’s Q1 2027 EPS estimate to $3.89 from $3.82 and projected FY2027 EPS of $17.61.
• Fabrinet recently exceeded quarterly expectations, reporting $4.10 EPS versus the $3.81 consensus and $1.32 billion in revenue, up 44.6% year over year. Its Q1 2027 EPS guidance is $4.10–$4.25.
• Analyst sentiment remains favorable overall, with a “Moderate Buy” consensus, six Buy ratings, four Holds, and an average price target of $649.50, despite the stock trading well below its 52-week high.

Fabrinet (NYSE:FN - Free Report) - Stock analysts at Northland Securities raised their Q1 2027 EPS estimates for shares of Fabrinet in a research note issued to investors on Tuesday, August 18th. Northland Securities analyst T. Savageaux now anticipates that the technology company will earn $3.89 per share for the quarter, up from their prior estimate of $3.82. The consensus estimate for Fabrinet's current full-year earnings is $16.46 per share. Northland Securities also issued estimates for Fabrinet's FY2027 earnings at $17.61 EPS.

FN has been the subject of a number of other reports. Zacks Research cut shares of Fabrinet from a "strong-buy" rating to a "hold" rating in a report on Monday, June 15th. Needham & Company LLC restated a "buy" rating and issued a $650.00 target price on shares of Fabrinet in a research note on Tuesday, August 18th. Barclays increased their price target on Fabrinet from $702.00 to $739.00 and gave the stock an "overweight" rating in a report on Tuesday, August 18th. Fox Advisors upgraded Fabrinet from an "equal weight" rating to an "overweight" rating in a report on Wednesday, August 19th. Finally, Weiss Ratings lowered Fabrinet from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $649.50.

Fabrinet Stock Performance

Fabrinet stock opened at $437.35 on Thursday. The stock has a market capitalization of $15.67 billion, a price-to-earnings ratio of 33.51 and a beta of 1.23. Fabrinet has a 52-week low of $313.00 and a 52-week high of $748.89. The stock's 50 day moving average price is $505.31 and its two-hundred day moving average price is $568.02.

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

Institutional Investors Weigh In On Fabrinet

Several large investors have recently made changes to their positions in FN. Continuum Advisory LLC bought a new position in shares of Fabrinet during the 2nd quarter worth $25,000. Core Wealth Advisors LLC bought a new stake in Fabrinet in the 4th quarter valued at about $25,000. Cassaday & Co Wealth Management LLC purchased a new stake in Fabrinet during the first quarter valued at about $31,000. Harbour Investments Inc. boosted its position in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company's stock worth $29,000 after purchasing an additional 27 shares during the period. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet in the fourth quarter worth about $32,000. 97.38% of the stock is owned by hedge funds and other institutional investors.

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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