Everspin Technologies Inc reports results for the quarter ended in March - Earnings Summary
01/05/2024 22:22
* Everspin Technologies Inc MRAM.OQ reported a quarterly
adjusted loss of 1 cent per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of 9 cents. The mean expectation of two analysts
for the quarter was for earnings of 5 cents per share. Wall
Street expected results to range from 3 cents to 8 cents per
share.
* Revenue fell 2.9% to $14.43 million from a year ago;
analysts
expected $14.05 million.
* Everspin Technologies Inc's reported EPS for the quarter
was a
loss of 1 cent.
* The company reported a quarterly loss of $202 thousand.
* Everspin Technologies Inc shares had fallen by 6.3% this
quarter and lost 17.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 33.3%
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 $11.50
This summary was machine generated from LSEG data May 1 at 09:22
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
Mar. 31 2024 0.05 -0.01 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