From Nasdaq:

Aehr Test Systems is set to report second-quarter fiscal 2024 results on Jan 9. For the fiscal Q2, revenues are estimated to be $20.1 million, showing a 35.6% increase from the year-ago quarter, with earnings anticipated at 18 cents per share, up 12.5% from the same period last year. The company has a four-quarter earnings surprise of 33.4%, on average.

The expansion of electric vehicles with specific designs for inverters and onboard chargers is expected to have benefited Aehr Test Systems. The strength in production wafer level burn-in equipment for silicon carbide semiconductors continued to benefit its upcoming results, with new customers won and a strong momentum in the FOX family of products, including LOCATE-XTM Technology products.

Growth in these segments is anticipated to have reflected in AEHR’s fiscal second-quarter results, although global macroeconomic uncertainty might be noted in its performance. The company does not have a great track record of surprising earnings and its Zacks Rank is currently #3.

Amid expectations of Aehr Test Systems’s earnings report, it may be worth taking a look at some of the stocks that have the potential to beat on earnings. Alphabet, Amazon, and Expedia Group, which meet the conditions for a likely earnings beat, could be good choices.

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Read more: What’s in Store for Aehr Test Systems (AEHR) in Q2 Earnings?