We raise F2023/F2024E (Mar) EPS for Flex (FLEX; $18.48; O/P) from $2.10/$2.35 to $2.30/$2.45 after an impressive FQ2 (Sept) “beat and raise”, which reflected better supply chain execution on an expanding book of business plus…
We make some relatively small adjustments to our 2022/2023E EPS for Amphenol (APH; $73.19; E/W), from $2.93/$3.07 to $2.98/$3.05, after the company produced one of its typically healthy types of EPS beats in Q3, albeit…
Plexus (PLXS; $96.55; E/W) reported FQ4 (Sep) non-GAAP EPS of $1.78, which was substantially ahead of our $1.25 and consensus of $1.27 on sales of $1,124mm (vs. our $1,000mm and the Street’s $1,008mm). PLXS also…
We reduce F2023/F2024E (Jun) EPS for Seagate (STX; $53.64; E/W) from $3.60/$7.15 to $1.35/$3.20 after it produced an FQ1 (Sept) “miss and lower”, suspended share repurchases (after buying $408mm of stock in FQ1), increased debt…
Amphenol (APH; $73.01; E/W) reported Q3 non-GAAP EPS of $0.80, which beat our $0.74 and the Street’s $0.75 on better than expected sales ($3,295mm vs. our $3,100mm and the Street’s $3,113mm). As per the variance…
Seagate (STX; $58.00; E/W) reported FQ1 (Sep) non-GAAP EPS of $0.48, which was well below our $0.65 and the Street’s $0.71 on sales of $2,035mm (vs. our $2,050mm and the Street’s $2,101mm). Recall, STX cut…
We reduce our rating on the shares of Corning (GLW; $31.73) from Outperform to Equal-Weight. The company’s Q3 results and outlook leads us to believe that GLW faces an extended recovery period in consumer markets…
This morning, Lyft (LYFT; $14.81; O/P) announced in a blog post that it was re-introducing its Lyft Pink membership program, which now includes new benefits at a lower subscription price ($9.99 per month or $99…
We make some slight adjustments to our 2022E/2023E EPS for Sensata (ST; $39.46; O/P), from $3.30/$4.00 to $3.33/$4.03, after Q3 results and outlook lived up to expectations despite greater than expected currency headwinds we are…
This morning, Tritium (DCFC; $2.36; O/P) announced a partnership with DC-America, which designs and installs battery electric vehicle (BEV) charging locations in the U.S. Specifically, DC-America will now work to install charging stations, which we…
Corning (GLW; $32.33; O/P) reported Q3 “core” EPS of $0.51 that was in line with our and the Street’s modeling on core sales of $3,666mm, which compared to our $3,650mm and the Street’s $3,664mm. Recall,…
Sensata (ST; $41.62; O/P) reported Q3 adjusted EPS of $0.85, which compared to our $0.84 and the Street’s $0.85 on sales of $1,018mm (vs. our $1,000mm and $1,005mm from the Street). Recall, the company’s Q3…
We reviewed Mobileye’s S-1 filings, assembled a financial model from the document’s disclosures, and taken a “first stab” at developing forecasts for the next couple of years ahead of a proposed IPO under the ticker…
Due to a reallocation of resources, Fox Advisors is discontinuing coverage of Aurora Innovation (AUR – $2.15 – Last Rating: Outperform – Price Target: $6). Effective immediately, our rating, price target, disclosures and estimates are…
We think the EPS bar was set more than appropriately for Benchmark Electronics (BHE; $26.93; O/P) into Q3 results and outlook on Wednesday (10/26 after market). We assume new program momentum, driving a richer sales…