Semiconductor materials supplier Entegris (NASDAQ:ENTG) will be announcing earnings results tomorrow morning. Here’s what to expect.

Entegris missed analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $807.7 million, down 9.1% year on year. It was a softer quarter for the company, with a miss of analysts’ adjusted operating income estimates and a slight miss of analysts’ EPS estimates.

Is Entegris a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Entegris’s revenue to grow 1.3% year on year to $823 million, a reversal from the 14.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.78 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Entegris has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Entegris’s peers in the semiconductor manufacturing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. KLA Corporation delivered year-on-year revenue growth of 23.7%, beating analysts’ expectations by 4.5%, and Lam Research reported revenues up 16.4%, topping estimates by 1.4%. KLA Corporation’s stock price was unchanged after the results, while Lam Research was up 7.3%.

Read our full analysis of KLA Corporation’s results here and Lam Research’s results here.

Stocks generally had a good 2024. The Fed fought high inflation and won without sending the economy into a recession, otherwise lovingly known as a soft landing. The US Central Bank is now cutting rates. That, plus the election of Donald Trump in November 2024, sent markets even higher, and while some of the semiconductor manufacturing stocks have shown solid performance, the group has generally underpeformed, with share prices down 3.1% on average over the last month. Entegris’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $128.46 (compared to the current share price of $100.29).

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