Further AnalysisOnce again this week, 5iResearch were asked asked about PHO and if they expect 2020 earnings to come in somewhere between $0.15 and $0.20. Their response was that while analysts are still calling for $0.08, they will have to revise their targets upwards following the $0.06 earnings in Q1. Business is good but they're wondering how much of these earnings were pre-orders due to Covid. That said, even without any Covid impact, they feel that the semiconductor industry has bottomed.
PHO has never earned $0.20 in a year but given Q1 results and the backlog, they think that $0.15 is doable. GLTA