Park Electrochemical Earnings Preview
Investors never know what to expect for Park Electrochemical (NYS: PKE) , as it has wavered between topping and missing analysts estimates during the past fiscal year. The company will unveil its latest earnings on Monday. Park Electrochemical develops, manufactures, markets, and sells high-technology digital and RF/microwave printed circuit materials products.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Park Electrochemical, with two of three rating it a buy and the remainder rating it a hold. Analysts don't like Park Electrochemical as much as competitor Rogers overall. That rating hasn't budged in three months as analysts have remained steady in their opinion of the stock.
- Revenue forecasts: On average, analysts predict $51.5 million in revenue this quarter. That would represent a rise of 9.8% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.33 per share. Estimates range from $0.25 to $0.40.
What our community says:
CAPS All-Stars are solidly backing the stock with 96.3% granting it an outperform rating. The community at large concurs with the All-Stars with 93.5% assigning it a rating of outperform. Fools are bullish on Park Electrochemical, though the message boards have been quiet lately with only 27 posts in the past 30 days. Even with a robust four out of five stars, Park Electrochemical's CAPS rating falls a little short of the community's upbeat outlook.
Park Electrochemical's income has fallen year over year by an average of 23.9% over the past five quarters. Revenue has fallen in the past two quarters. The company's gross margin shrank by 4.8 percentage points in the last quarter. Revenue fell 7.4% while cost of sales fell 0.8% to $35.9 million from a year earlier.
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At the time this article was published