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

EverSpin Technologies

31/07/2024 22:03

* Everspin Technologies Inc  MRAM.OQ  reported a quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 14 cents.  The mean expectation of two analysts
for the quarter was for a loss of 6 cents per share. 
    * Revenue fell 32.5% to $10.64 million from a year ago;
analysts
expected $10.65 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was a
loss of 12 cents​.
    * The company reported a quarterly loss of $2.5 million.
    * Everspin Technologies Inc shares had risen by 3.2% this
quarter and lost 31.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 185.7% 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 $9.00 
This summary was machine generated from LSEG data July 31 at
09:02 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
 Jun. 30 2024      -0.06          -0.03          Beat
 Mar. 31 2024      0.05           0.07           Beat
 Dec. 31 2023                     0.14           
 Sep. 30 2023      0.12           0.17           Beat