Everspin Technologies Inc reports results for the quarter ended in December - Earnings Summary

EverSpin Technologies

28/02/2024 23:27

* Everspin Technologies Inc  MRAM.OQ  reported quarterly
adjusted
earnings of 14 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 7 cents.  The mean expectation of
two analysts for the quarter was for earnings of 12 cents per
share. 
    * Revenue rose 6.5% to $16.71 million from a year ago;
analysts
expected $15.90 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was 9
cents​.
    * The company reported quarterly net income of $1.97
million.
    * Everspin Technologies Inc shares had risen by 0.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Everspin
Technologies Inc is $12.00 
This summary was machine generated from LSEG data February 28 at
11:27 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.12           0.14           Beat
 Sep. 30 2023      0.12           0.17           Beat
 Jun. 30 2023      0.06           0.14           Beat
 Mar. 31 2023      0.04           0.09           Beat