FARO Technologies Future Growth

Future criteria checks 0/6

FARO Technologies is forecast to grow earnings and revenue by 80.3% and 3.6% per annum respectively while EPS is expected to grow by 100.2% per annum.

Key information

80.3%

Earnings growth rate

100.2%

EPS growth rate

Electronic earnings growth	12.5%
Revenue growth rate	3.6%
Future return on equity	n/a
Analyst coverage	Low
Last updated	29 Feb 2024

Recent future growth updates

Recent updates

Lacklustre Performance Is Driving FARO Technologies, Inc.'s (NASDAQ:FARO) Low P/S

Dec 18

FARO enhances Digital Twin product suite with the acquisition of HoloBuilder for $34M

Jun 07

Earnings and Revenue Growth Forecasts

NasdaqGS:FARO - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	385	-11	N/A	N/A	2
12/31/2024	364	-19	N/A	N/A	2
12/31/2023	359	-57	-13	1	N/A
9/30/2023	364	-60	-37	-24	N/A
6/30/2023	362	-58	-51	-35	N/A
3/31/2023	354	-38	-52	-36	N/A
12/31/2022	346	-27	-42	-25	N/A
9/30/2022	342	-56	-35	-16	N/A
6/30/2022	336	-54	-22	-4	N/A
3/31/2022	338	-46	-25	-10	N/A
12/31/2021	338	-40	-25	-13	N/A
9/30/2021	331	19	-14	-5	N/A
6/30/2021	322	20	-15	-7	N/A
3/31/2021	301	12	-13	-5	N/A
12/31/2020	304	1	15	21	N/A
9/30/2020	315	-76	15	20	N/A
6/30/2020	335	-80	25	31	N/A
3/31/2020	368	-77	35	43	N/A
12/31/2019	382	-62	24	32	N/A
9/30/2019	390	-7	13	25	N/A
6/30/2019	400	-3	13	24	N/A
3/31/2019	404	5	4	16	N/A
12/31/2018	404	5	-7	6	N/A
9/30/2018	397	-12	3	16	N/A
6/30/2018	388	-8	1	15	N/A
3/31/2018	372	-13	-6	7	N/A
12/31/2017	361	-15	-1	10	N/A
9/30/2017	346	0	N/A	8	N/A
6/30/2017	336	0	N/A	5	N/A
3/31/2017	331	7	N/A	24	N/A
12/31/2016	326	11	N/A	38	N/A
9/30/2016	325	16	N/A	49	N/A
6/30/2016	318	14	N/A	57	N/A
3/31/2016	323	15	N/A	40	N/A
12/31/2015	318	13	N/A	28	N/A
9/26/2015	330	15	N/A	9	N/A
6/27/2015	340	27	N/A	-5	N/A
3/28/2015	338	29	N/A	7	N/A
12/31/2014	342	34	N/A	6	N/A
9/27/2014	328	31	N/A	15	N/A
6/28/2014	314	25	N/A	26	N/A
3/29/2014	300	22	N/A	23	N/A
12/31/2013	292	22	N/A	34	N/A
9/28/2013	283	21	N/A	39	N/A
6/29/2013	275	20	N/A	39	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FARO is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FARO is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FARO is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: FARO's revenue (3.6% per year) is forecast to grow slower than the US market (8% per year).

High Growth Revenue: FARO's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FARO's Return on Equity is forecast to be high in 3 years time

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FARO Technologies Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2024

Price target decreased by 19% to US$25.50

FARO Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023

Price target increased by 11% to US$31.33

Consensus EPS estimates fall by 20%

Faro Technologies, Inc. Provides Earnings Guidance for the Third Quarter 2023

Recent updates

Faro Technologies, Inc. Announces Board Changes

Executive Officer notifies of intention to sell stock

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2024

Full year 2023 earnings: EPS exceeds analyst expectations

FARO Technologies, Inc. to Report Q4, 2023 Results on Feb 27, 2024

FARO Technologies, Inc. Announces CFO Changes

Lacklustre Performance Is Driving FARO Technologies, Inc.'s (NASDAQ:FARO) Low P/S

Price target decreased by 19% to US$25.50

Lead Independent Director recently bought US$515k worth of stock

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

FARO Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2023

Now 20% undervalued after recent price drop

FARO Technologies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

FARO Technologies Releases Next Generation Cloud Platform, Sphere XG

Price target increased by 11% to US$31.33

FARO Technologies, Inc. Announces Release of the Faro(R) Orbis(TM) Mobile Scanner

Consensus EPS estimates fall by 20%

New major risk - Share price stability

Is FARO Technologies (NASDAQ:FARO) Using Debt In A Risky Way?

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Faro Technologies, Inc. Provides Earnings Guidance for the Third Quarter 2023

FARO Technologies, Inc. to Report Q2, 2023 Results on Aug 02, 2023

FARO Technologies, Inc. Appoints Peter Lau as President, Effective July 24, 2023

Lead Independent Director recently bought US$269k worth of stock

Consensus EPS estimates fall by 349%

Faro Technologies, Inc. Announces CEO Changes

Full year 2022 earnings released: US$1.46 loss per share (vs US$2.20 loss in FY 2021)

FARO Technologies, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2023

Price target decreased by 13% to US$34.00

High number of new directors

Full year 2022 earnings: EPS misses analyst expectations

Faro Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2023

FARO Technologies, Inc. to Report Q4, 2022 Results on Feb 15, 2023

FARO Announces Board of Director Changes

FARO Technologies, Inc. (NasdaqGS:FARO) acquired SiteScape.

Price target decreased to US$37.25

FARO Technologies, Inc. Announces Release of New Edition of Faro Zone 3D Software to the Public Safety Market, Equipping Crime, Crash, Fire, and Security Professionals

Consensus forecasts updated

Price target decreased to US$37.25

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

FARO Technologies, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of Fiscal Quarter Ending December 31, 2022

FARO Technologies, Inc. to Report Q3, 2022 Results on Nov 02, 2022

FARO Technologies, Inc. Releases Focus Core Laser Scanner

FARO Technologies, Inc. Announces New 4D Construction Progress Management Solution Uniting Point Cloud Data and 360° Reality Capture

FARO Technologies, Inc. Appoints Patrick Bohle as President, Building Insights

FARO Technologies, Inc. Releases All-New Vantage Max High-Accuracy Laser Tracker Series

FARO Technologies, Inc Announces the Release of Faro Flatness Check

FARO Technologies, Inc Announces the Release of Faro Flatness Check

FARO Technologies, Inc. (NasdaqGS:FARO) acquired GeoSLAM Limited.

FARO Technologies acquires mobile scanning firm GeoSLAM in cash-and-stock deal

Consensus forecasts updated

Second quarter 2022 earnings: EPS misses analyst expectations

FARO Technologies, Inc. Provides Earnings Guidance for the Third Quarter Ending September 30, 2022

FARO Appoints Rajani Ramanathan to Its Board of Directors

FARO Technologies, Inc. to Report Q2, 2022 Results on Aug 03, 2022

FARO Technologies Needs A Break

President exercised options and sold US$146k worth of stock

FARO® Technologies, Inc. Announces the Election of Yuval Wasserman as Chairman of the Board of Directors, Effective May 26, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

FARO Technologies, Inc. Provides Revenue Guidance for Second Quarter Ending June 30, 2022

Price target decreased to US$73.25

FARO Technologies, Inc. to Report Q1, 2022 Results on Apr 27, 2022

FARO Announces Executive Changes

Faro®Technologies, Inc Launches End-To-End 3D Digital Reality Capture & Collaboration Platform

President exercised options and sold US$102k worth of stock

Price target decreased to US$73.25

Full year 2021 earnings: EPS exceeds analyst expectations

FARO Technologies, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2022

FARO Technologies, Inc. to Report Q4, 2021 Results on Feb 16, 2022