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

EverSpin Technologies

09/11/2022 22:02

* Everspin Technologies Inc  MRAM.OQ  reported quarterly
adjusted
earnings of 15 cents​​ per share for the quarter ended in
September. The mean expectation of two analysts for the quarter
was for earnings of 5 cents per share.
    * Revenue rose 3% to $15.24 million from a year ago;
analysts
expected $14.90 million. 
    * Everspin Technologies Inc's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had risen by
about 19.3%
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 risen by 14.2% this
quarter and lost 41.5% so far this year.
    * The company reported quarterly net income of $1.91
million.
    * Wall Street's median 12-month price target for Everspin
Technologies Inc is $9.50 
    * 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 from Refinitiv data November
9 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.05           0.15           Beat
 Jun. 30 2022      0.00           0.15           Beat
 Mar. 31 2022      0.01           0.13           Beat
 Dec. 31 2021      0.13           0.24           Beat