Northland Securities Cuts Earnings Estimates for Fabrinet

Fabrinet (NYSE:FN) – Northland Securities lowered their Q1 2027 EPS estimates for shares of Fabrinet in a report issued on Tuesday, May 5th. Northland Securities analyst T. Savageaux now anticipates that the technology company will post earnings per share of $3.82 for the quarter, down from their previous forecast of $3.84. The consensus estimate for Fabrinet’s current full-year earnings is $12.80 per share. Northland Securities also issued estimates for Fabrinet’s Q2 2027 earnings at $4.18 EPS, Q3 2027 earnings at $4.51 EPS, Q4 2027 earnings at $4.72 EPS and FY2027 earnings at $17.23 EPS.

Fabrinet (NYSE:FN) last posted its quarterly earnings data on Monday, May 4th. The technology company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.58 by $0.14. Fabrinet had a net margin of 9.94% and a return on equity of 19.83%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $2.52 earnings per share. The company’s revenue was up 39.3% on a year-over-year basis. Fabrinet has set its Q4 2026 guidance at 3.720-3.870 EPS.

Several other research firms have also recently issued reports on FN. Rosenblatt Securities raised their price objective on Fabrinet from $715.00 to $750.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their target price on Fabrinet from $700.00 to $680.00 and set a “neutral” rating for the company in a research note on Tuesday. Susquehanna increased their target price on Fabrinet from $550.00 to $570.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Fox Advisors cut Fabrinet from a “strong-buy” rating to an “equal weight” rating in a report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $800.00 price objective on shares of Fabrinet in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Fabrinet presently has an average rating of “Moderate Buy” and a consensus price target of $661.75.

Fabrinet Stock Performance

FN stock opened at $624.86 on Friday. The company has a 50 day moving average price of $593.72 and a two-hundred day moving average price of $510.15. The stock has a market capitalization of $22.39 billion, a P/E ratio of 53.68 and a beta of 1.22. Fabrinet has a one year low of $199.86 and a one year high of $734.79.

Institutional Trading of Fabrinet

A number of institutional investors and hedge funds have recently made changes to their positions in FN. Core Wealth Advisors LLC acquired a new position in Fabrinet in the fourth quarter valued at $25,000. Westend Capital Management LLC acquired a new stake in Fabrinet during the fourth quarter worth about $29,000. Harbour Investments Inc. increased its stake in Fabrinet by 75.0% during the fourth quarter. Harbour Investments Inc. now owns 63 shares of the technology company’s stock worth $29,000 after acquiring an additional 27 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of Fabrinet in the 1st quarter worth about $31,000. Finally, Creative Financial Designs Inc. ADV purchased a new position in shares of Fabrinet in the 4th quarter worth about $32,000. 97.38% of the stock is currently owned by institutional investors and hedge funds.

Key Fabrinet News

Here are the key news stories impacting Fabrinet this week:

• Positive Sentiment: Northland Securities raised its FY2027 EPS view to $17.23 (from $16.82) and lifted several quarterly estimates (Q4 to $4.72, Q3 to $4.51, Q2 to $4.18). These upward revisions imply stronger-than-expected demand assumptions for Fabrinet’s contract-manufacturing services.
• Positive Sentiment: Zacks upgraded Fabrinet from “hold” to “strong-buy,” which can attract momentum buyers and retail flows. Read More.
• Positive Sentiment: The Globe and Mail noted a new buy rating for Fabrinet, adding to analyst interest and visibility among Canadian/international investors. Read More.
• Neutral Sentiment: Northland trimmed its Q1 2027 estimate slightly (to $3.82 from $3.84) — a modest adjustment that is unlikely to change the longer-term earnings trajectory but signals some near-term quarter-to-quarter variability.
• Negative Sentiment: JPMorgan published a pessimistic forecast for Fabrinet’s stock price, which can pressure institutional sentiment and trigger defensive positioning. Read More.
• Negative Sentiment: Sector pressure: reports show the AI/optoics trade is cooling (Applied Optoelectronics, Coherent, Lumentum all fell), creating headwinds for suppliers and contract manufacturers like Fabrinet. That broader sell-off is a likely contributor to negative stock moves today. Read More.

Fabrinet Company Profile

Fabrinet is a global provider of advanced optical packaging and precision optical, electro‐mechanical and electronic manufacturing services (CEM). The company specializes in complex manufacturing processes for original equipment manufacturers (OEMs) in communications, data center, industrial, instrumentation and medical markets. Key capabilities include high‐precision fiber alignment, micro‐assembly, testing and diagnostics, and integration of electro‐optic subassemblies.

Incorporated in 2000, Fabrinet operates under a corporate structure headquartered in Singapore with additional regional offices and design centers in the Americas, Europe and Asia.