Quicklogic Corp expected to post a loss of 6 cents a share - Earnings Preview

QuickLogic

13/05/2023 03:03

* Quicklogic Corp  QUIK.OQ   QUIK.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 16. 
    * The San Jose California-based  company is expected to
report  a
5.0% increase in revenue to $4.3 million from $4.1 million a
year ago, according to the mean estimate from 2 analysts, based
on Refinitiv data. The company's guidance on February 27 2023,
for the period ended March 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 6 cents per share. The company's EPS guidance on
February 27 2023, for the period ended March 31, was between
$-0.08 and $-0.04 
    * 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."  
    * 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 $10.5​, above​ its last closing price of $5.19. ​​​

The company's guidance on February 27 2023 for the period ended
March 31 was for gross profit margin between USD47% and USD57%.
This summary was machine generated May 13 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated