Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of scientific instrument maker FEI
So what: Guidance for the upcoming quarter comes in right in line with analyst estimates. FEI projects $210 million to $220 million on the top line and $0.63 to $0.70 in EPS, against consensus estimates of $220 million in revenue and $0.67 in EPS. FEI now has $210.1 million in gross bookings, a slight sequential decline from last quarter's $221.8 million in bookings. Thanks to strong demand, FEI now boasts a $423.6 million order backlog to fulfill.
Now what: FEI is clearly not in bubble territory with a P/E of 20. Net income has been growing faster than revenue for some time, which is a great sign of the company's pricing power and sustained demand. Long-term shareholders have already seen nearly 60% growth over the past 52 weeks, so FEI's momentum isn't a passing fad. If you were sitting on the sidelines before, now might be a good time to take a closer look.
Want more news and updates? Add FEI to your watchlist now.
Motley Fool newsletter services have recommended buying shares of FEI. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.