Is Photronics Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NASDAQ: PLAB) stock is to Strong Buy PLAB stock.
Out of 3 analysts, 2 (66.67%) are recommending PLAB as a Strong Buy, 1 (33.33%) are recommending PLAB as a Buy, 0 (0%) are recommending PLAB as a Hold, 0 (0%) are recommending PLAB as a Sell, and 0 (0%) are recommending PLAB as a Strong Sell.
What is PLAB's earnings growth forecast for 2023-2023?
(NASDAQ: PLAB) Photronics's forecast annual earnings growth rate of N/A is not forecast to beat the US Semiconductor Equipment & Materials industry's average forecast earnings growth rate of N/A, and while it is not forecast to beat the US market's average forecast earnings growth rate of N/A.
Photronics's earnings in 2023 is $118,786,000.
In 2023, PLAB is forecast to generate $139,528,587 in earnings, with the lowest earnings forecast at $133,972,139 and the highest earnings forecast at $145,085,036.
What is PLAB's revenue growth forecast for 2023-2023?
(NASDAQ: PLAB) Photronics's forecast annual revenue growth rate of N/A is not forecast to beat the US Semiconductor Equipment & Materials industry's average forecast revenue growth rate of N/A, and while it is not forecast to beat the US market's average forecast revenue growth rate of N/A.
Photronics's revenue in 2023 is $824,549,000.
In 2023, PLAB is forecast to generate $54,484,061,223 in revenue, with the lowest revenue forecast at $53,403,640,745 and the highest revenue forecast at $55,564,481,700.
What is PLAB's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: PLAB) forecast ROA is 10.6%, which is lower than the forecast US Semiconductor Equipment & Materials industry average of 22.75%.
What is PLAB's Price Target?
According to 3 Wall Street analysts that have issued a 1 year PLAB price target, the average PLAB price target is $25.00, with the highest PLAB stock price forecast at $28.00 and the lowest PLAB stock price forecast at $21.00.
On average, Wall Street analysts predict that Photronics's share price could reach $25.00 by Aug 31, 2023. The average Photronics stock price prediction forecasts a potential upside of 30.21% from the current PLAB share price of $19.20.
What is PLAB's Earnings Per Share (EPS) forecast for 2023-2023?
(NASDAQ: PLAB) Photronics's current Earnings Per Share (EPS) is $1.96. In 2023, PLAB's EPS is forecast to hit $2.26 (min: $2.17, max: $2.35).
What is PLAB's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: PLAB) forecast ROE is 16.78%, which is considered weak.
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