Semiconductor photomask manufacturer Photronics (NASDAQ:PLAB) will be reporting results this Wednesday morning. Here’s what to expect.

Photronics met analysts’ revenue expectations last quarter, reporting revenues of $211 million, down 2.8% year on year. It was a disappointing quarter for the company, with revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ EPS estimates.

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

This quarter, analysts are expecting Photronics’s revenue to decline 3.2% year on year to $204.3 million, improving from the 5.9% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.39 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Photronics has missed Wall Street’s revenue estimates five times over the last two years.

Looking at Photronics’s peers in the semiconductor manufacturing segment, some have already reported their Q2 results, giving us a hint as to what we can expect. IPG Photonics’s revenues decreased 2.7% year on year, beating analysts’ expectations by 9.4%, and Amkor reported revenues up 3.4%, topping estimates by 6.3%. IPG Photonics traded down 6.9% following the results while Amkor was up 18.1%.

Read our full analysis of IPG Photonics’s results here and Amkor’s results here.

Investors in the semiconductor manufacturing segment have had steady hands going into earnings, with share prices up 1.8% on average over the last month. Photronics is up 5.4% during the same time and is heading into earnings with an average analyst price target of $31 (compared to the current share price of $22.27).

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.