Quicklogic Corp expected to post earnings of 13 cents a share - Earnings Preview

QuickLogic

23/02/2024 21:56

* Quicklogic Corp  QUIK.OQ   QUIK.O  is expected to show a
rise in
quarterly revenue when it reports  results on February 27 for
the period ending December 31 2023
    * The San Jose California-based  company is expected to
report a
81.2% increase in revenue to $7.4 million from $4.08 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on November 14 2023, for the
period ended December 31, was for revenue between $6.66 million
and $8.14 million.
    * ​LSEG's mean analyst estimate for Quicklogic Corp is for
earnings of 13 cents per share. 
    * 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 $12.50​, below​ its last closing price of $12.92. ​​​

This summary was machine generated February 23 at 21:56 GMT. 
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)