Everspin Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

EverSpin Technologies

31/10/2024 02:37

* Everspin Technologies Inc  MRAM.OQ  reported quarterly
adjusted
earnings of 17 cents​​ per share for the quarter ended September
30, identical to the same quarter last year.  The mean
expectation of two analysts for the quarter was for a loss of
one cent per share. 
    * Revenue fell 26.6% to $12.09 million from a year ago;
analysts
expected $12.00 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was 12
cents​.
    * The company reported quarterly net income of $2.27
million.
    * Everspin Technologies Inc shares had risen by 13.4% this
quarter and lost 26.0% so far this year.

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 9.00 
This summary was machine generated from LSEG data October 31 at
02:37 a.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
 Sep. 30 2024      -0.01          0.17           Beat
 Jun. 30 2024      -0.06          -0.03          Beat
 Mar. 31 2024      0.05           0.07           Beat
 Dec. 31 2023      0.12           0.14           Beat