Entegris’ Q2 Earnings Preview 
<p>Analysts at Deutsche Bank provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/ENTG'>Entegris, Inc. (NASDAQ:ENTG)</a> ahead of the company’s Q2 earnings, and lowered their price target to $125 from $145.</p>
<p>The company closed its acquisition of CMC Materials, Inc. on July 6th, and the analysts remain positive on the deal as they believe the market is underappreciating the CMP slurries/pads business, and they see the potential for additional accretion from revenue synergies. </p>
<p>On the organic business, however, the analysts are turning more cautious on market growth in 2023, and they now expect industry wafer starts to only grow low-single digit in 2023 and WFE spending to be down approximately 10% year-over-year. Therefore, the analysts estimate ex-acquisition growth of 6%, compared to the prior forecast of 12%. </p>
<p>The analysts updated their model to include CMC Materials starting in Q3/22, resulting in an increase in the full 2022-year EPS estimate from $4.35 to $4.45 and 2023-year EPS from $4.85 to $5.00.</p>

NASDAQ:ENTG