Everspin Technologies Inc expected to post a loss of 6 cents a share - Earnings Preview

EverSpin Technologies

30/07/2024 03:23

* Everspin Technologies Inc  MRAM.OQ   MRAM.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 31
for the period ending June 30 2024
    * The Chandler Arizona-based  company is expected to report
a
32.4% decrease in revenue to $10.65 million from $15.75 million
a year ago, according to the mean estimate from 2 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Everspin Technologies
Inc is
for a loss of 6 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 33.7%
in the last three months. ​
    * Wall Street's median 12-month price target for Everspin
Technologies Inc is $9.00​, above​ its last closing price
of $6.10. ​​​

This summary was machine generated July 30 at 02:23 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)