Quicklogic Corp expected to post a loss of 5 cents a share - Earnings Preview

QuickLogic

25/02/2023 03:10

* Quicklogic Corp  QUIK.OQ   QUIK.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 27. 
    * The San Jose California-based  company is expected to
report  a
17.0% increase in revenue to $4.333 million from $3.71 million a
year ago, according to the mean estimate from 3 analysts, based
on Refinitiv data. The company's guidance on November 15 2022,
for the period ended December 31, was for revenue between $3.87
million and $4.73 million.
    * ​Refinitiv's mean analyst estimate for Quicklogic Corp is
for a
loss of 5 cents per share. The company's EPS guidance on
November 15 2022, for the period ended December 31, was between
$-0.11 and $-0.04 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Quicklogic
Corp
is $10​, above​ its last closing price of $5.57. ​​​

The company's guidance on November 15 2022 for the period ended
December 31 was for gross profit margin between USD47% and
USD57%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2022  -0.11       -0.11      -0.07     Beat    33.8
 Jun. 30 2022  -0.04       -0.03      0.00      Beat    100
 Mar. 31 2022  -0.07       -0.07      -0.06     Beat    10​
 Dec. 31 2021  -0.07       -0.07      -0.04     Beat    45.5
 ​​Sep.        -0.06       -0.06      -0.03     Beat    52.6
 30 2021                                                
 Jun. 30 2021  -0.15       -0.15      -0.16     Missed  -5.3​
 Mar. 31 2021  -0.07       -0.07      -0.12     Missed  -80
 Dec. 31 2020  -0.13       -0.13      -0.15     Missed  -12.5
 This summary was machine generated February 25 at 03:09 GMT. 
All figures in US dollars  unless otherwise stated