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

QuickLogic

13/05/2024 23:01

* Quicklogic Corp  QUIK.OQ  reported quarterly adjusted
earnings
of 11 cents​​ per share for the quarter ended in March, 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 6 cents per share. Wall Street
expected results to range from 5 cents to 6 cents per share.
    * Revenue rose 45.3% to $6.01 million from a year ago;
analysts
expected $6.20 million. 
    * Quicklogic Corp's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $108
thousand.
    * Quicklogic Corp shares had fallen by 22.1% this
quarter and
lost 10.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.7%
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 $16.00 
This summary was machine generated from LSEG data May 13 at
10:01 p.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
 Mar. 31 2024      0.06           0.11           Beat
 Dec. 31 2023      0.13           0.18           Beat
 Sep. 30 2023      0.14           0.13           Missed
 Jun. 30 2023      -0.02          -0.12          Missed