FormFactor (FORM) could possibly be a stable addition to your portfolio given a notable revision wi
FormFactor (FORM) could possibly be a stable addition to your portfolio given a notable revision within the firm’s earnings estimates. Whereas the inventory has been gaining these days, the pattern would possibly proceed since its earnings outlook continues to be bettering.
Analysts’ rising optimism on the earnings prospects of this built-in circuits diagnostic firm is driving estimates greater, which ought to get mirrored in its inventory worth. In spite of everything, empirical analysis exhibits a powerful correlation between tendencies in earnings estimate revisions and near-term inventory worth actions. Our inventory score software — the Zacks Rank — is principally constructed on this perception.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Sturdy Purchase) to a Zacks Rank #5 (Sturdy Promote), has a powerful externally-audited track record of outperformance, with Zacks #1 Ranked shares producing a mean annual return of +25% since 2008.
For FormFactor, sturdy settlement among the many protecting analysts in revising earnings estimates upward has resulted in significant enchancment in consensus estimates for the following quarter and full 12 months.
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