Quicklogic Corp reports results for the quarter ended in December - Earnings Summary

QuickLogic

28/02/2024 04:46

* Quicklogic Corp  QUIK.OQ  reported quarterly adjusted
earnings
of 18 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -4 cents.  The mean expectation of two analysts
for the quarter was for earnings of 13 cents per share. Wall
Street expected results to range from 12 cents to 14 cents per
share.
    * Revenue rose 83.1% to $7.48 million from a year ago;
analysts
expected $7.40 million. 
    * Quicklogic Corp's reported EPS for the quarter was 14
cents​.
    * The company reported quarterly net income of $2.04
million.
    * Quicklogic Corp shares had fallen by 6.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is  "buy."

Wall Street's median 12-month price target for Quicklogic Corp
is $12.50 
This summary was machine generated from LSEG data February 28 at
04:45 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.13           0.18           Beat
 Sep. 30 2023      0.14           0.13           Missed
 Jun. 30 2023      -0.02          -0.12          Missed
 Mar. 31 2023      -0.06          -0.04          Beat