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

EverSpin Technologies

02/08/2023 22:03

* Everspin Technologies Inc  MRAM.OQ  reported quarterly
adjusted
earnings of 24 cents​​ per share for the quarter ended in June.
The mean expectation of two analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue rose 7.1% to $15.75 million from a year ago;
analysts
expected $15.00 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was 18
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Everspin Technologies Inc shares had risen by 3.4% this
quarter and gained 71.2% so far this year.
    * The company reported quarterly net income of $3.89
million.
    * Wall Street's median 12-month price target for Everspin
Technologies Inc is $11.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.06           0.24           Beat
 Mar. 31 2023      0.04           0.09           Beat
 Dec. 31 2022      0.06           0.07           Beat
 Sep. 30 2022      0.05           0.15           Beat