Entegris Earnings: What To Look For From ENTG

Semiconductor materials supplier Entegris (NASDAQ:ENTG) will be reporting results tomorrow after market hours. Here's what investors should know.

Last quarter Entegris reported revenues of $888.2 million, down 10.6% year on year, missing analyst expectations by 0.4%. It was a mixed quarter for the company, with a significant improvement in its inventory levels but underwhelming revenue guidance for the next quarter.

Is Entegris buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Entegris's revenue to decline 17.5% year on year to $780.9 million, a deceleration on the 48.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.58 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Entegris's peers in the semiconductor manufacturing segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. FormFactor delivered top-line growth of 1.3% year on year, beating analyst estimates by 1.7% and Amkor reported revenue decline of 8.1% year on year, exceeding estimates by 2.1%. FormFactor traded down 2.3% on the results, and Amkor was down 7.1%.

Read our full analysis of FormFactor's results here and Amkor's results here.

There has been positive sentiment among investors in the semiconductor manufacturing segment, with the stocks up on average 7.4% over the last month. Entegris is up 9.3% during the same time, and is heading into the earnings with analyst price target of $118, compared to share price of $123.21.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.