Entegris anticipates an adjusted EPS of $0.59-$0.64 for the first quarter of fiscal year 2024, slightly below the previous forecast of $0.60-$0.65 and the consensus estimate of $0.62. This data was disclosed in Entegris, Inc.’s earnings guidance for the quarter ending on March 30, 2024. The company has displayed a pattern of varying earnings per share in recent quarters, with the most recent reported EPS at $0.581 compared to an anticipated $0.65.
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Entegris Inc. (ENTG) Shows Strong Performance in Stock Market – March 4, 2024
On March 4, 2024, Entegris Inc. (ENTG) showed strong performance in the stock market as it continued to trade near the top of its 52-week range and above its 200-day simple moving average. This indicates a positive price momentum for the company, suggesting that investors have confidence in its future prospects.
The price of ENTG shares saw a significant increase of $4.20 since the market last closed, representing a 3.13% rise. The stock closed at $138.56, and in pre-market trading, it rose by an additional $1.42. This further demonstrates the bullish sentiment surrounding ENTG and indicates that investors are optimistic about its potential for growth.
Entegris Inc. is a leading provider of specialty materials for the semiconductor and other high-tech industries. The company’s products are essential for the manufacturing processes of advanced technology products, making it a key player in the industry.
The positive stock performance on March 4th reflects the company’s strong fundamentals and its ability to deliver value to its shareholders. With a solid track record of innovation and growth, ENTG is well-positioned to capitalize on the increasing demand for high-tech materials in the semiconductor industry.
ENTG Stock Performance Analysis: Revenue Growth but Decline in Net Income and EPS
On March 4, 2024, ENTG stock showed mixed performances based on the financial data provided by CNN Money. The company reported a total revenue of $3.52 billion for the past year, which represented a 7.37% increase compared to the previous year. However, the total revenue for the fourth quarter was $812.29 million, indicating an 8.55% decrease compared to the previous quarter. In terms of net income, ENTG reported a net income of $180.67 million for the past year, showing a 13.52% decrease compared to the previous year. The net income for the fourth quarter remained flat at $37.98 million compared to the previous quarter. Earnings per share (EPS) for ENTG were reported at $1.20 for the past year, reflecting a 17.99% decrease compared to the previous year. The EPS for the fourth quarter was $0.25, holding flat compared to the previous quarter. Overall, ENTG stock showed a decline in net income and earnings per share compared to the previous year. Investors may want to closely monitor ENTG stock to see how the company performs in the coming quarters and whether it can sustain its revenue growth.
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