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

EverSpin Technologies

11/05/2022 23:23

* Everspin Technologies Inc  MRAM.OQ  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of one cent per share.
    * Revenue rose 39.6% to $14.35 million from a year ago; 
analysts
expected $13.80 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 83.3%
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 fallen by 26.1% this
quarter and lost 43.0% so far this year.
    * The company reported quarterly net income of $1.94
million.
    * Wall Street's median 12-month price target for Everspin
Technologies Inc is $13.50 
    * 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 May 11 at 10:23 p.m.  ​All
figures in US dollars unless otherwise stated