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

QuickLogic

11/05/2024 24:01

* Quicklogic Corp  QUIK.OQ   QUIK.O  is expected to show a
rise in
quarterly revenue when it reports  results on May 13 for the
period ending March 31 2024
    * The San Jose California-based  company is expected to
report a
50.0% increase in revenue to $6.2 million from $4.13 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on February 27 2024, for the
period ended March 31, was for revenue between $5.58 million and
$6.82 million.
    * ​LSEG's mean analyst estimate for Quicklogic Corp is for
earnings of 6 cents per share. The company's EPS guidance on
February 27 2024, for the period ended March 31, was between
$0.03 and $0.08 
    * 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 $16.00​, above​ its last closing price of $12.48. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for gross profit margin between USD65% and USD75%.
This summary was machine generated May 10 at 23:01 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)