Electro Scientific Industries (ESIO) Getting Somewhat Favorable Press Coverage, Analysis Shows

Media coverage about Electro Scientific Industries (NASDAQ:ESIO) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Electro Scientific Industries earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 46.3638655047897 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern’s rankings:

• Electro Scientific Industries, Inc. (ESIO) Updates Q2 Earnings Guidance (naijaoversabi.com)
• Electro Scientific Industries, (ESIO) Saw a New 52-Week High (footballhebdo.com)
• Revisit the buy and-hold case for Electro Scientific Industries, Inc. (ESIO) (techkenyot.com)
• Analysts Showing Optimistic Trends For Electro Scientific Industries Inc. (ESIO) (ismboard.com)
• Electro Scientific Industries, Inc. (NASDAQ:ESIO) Updates Q2 Earnings Guidance (campdesrecrues.com)

A number of research firms have commented on ESIO. ValuEngine raised shares of Electro Scientific Industries from a “sell” rating to a “hold” rating in a research report on Thursday. Lake Street Capital cut their target price on shares of Electro Scientific Industries from $10.50 to $9.00 and set a “buy” rating on the stock in a research report on Thursday. BidaskClub downgraded shares of Electro Scientific Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Needham & Company LLC raised shares of Electro Scientific Industries from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.50.

Electro Scientific Industries (NASDAQ ESIO) traded up 9.33% during mid-day trading on Friday, hitting $10.43. 1,022,776 shares of the stock were exchanged. Electro Scientific Industries has a 12-month low of $4.50 and a 12-month high of $10.47. The company has a 50 day moving average of $8.49 and a 200 day moving average of $7.42. The firm’s market cap is $351.37 million.

Electro Scientific Industries (NASDAQ:ESIO) last issued its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.20. The company had revenue of $72.70 million for the quarter, compared to analyst estimates of $61.10 million. Electro Scientific Industries had a negative net margin of 18.49% and a negative return on equity of 22.18%. The business’s revenue for the quarter was up 52.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, equities analysts anticipate that Electro Scientific Industries will post $0.54 earnings per share for the current fiscal year.

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Electro Scientific Industries Company Profile

Electro Scientific Industries, Inc and its subsidiaries supply laser-based manufacturing solutions for industries reliant on microtechnologies. The Company operates through two segments: Component Processing and Micromachining. The Component Processing segment includes interconnect products, semiconductor products and component products.