Quicklogic Corp reports results for the quarter ended September 30 - Earnings Summary

QuickLogic

12/11/2024 03:42

* Quicklogic Corp  QUIK.OQ  reported a quarterly adjusted
loss
of 6 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 13 cents.  The mean expectation of two analysts for the
quarter was for a loss of 5 cents per share. 
    * Revenue fell 35.9% to $4.27 million from a year ago;
analysts
expected $4.20 million. 
    * Quicklogic Corp's reported EPS for the quarter was a loss
of 14
cents​.
    * The company reported a quarterly loss of $2.09 million.
    * Quicklogic Corp shares had risen by 4.6% this quarter and
lost 42.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 183.3% 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 $14.50 
This summary was machine generated from LSEG data November 12 at
03:42 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
 Sep. 30 2024      -0.05          -0.06          Missed
 Jun. 30 2024      0.01           -0.05          Missed
 Mar. 31 2024      0.06           0.11           Beat
 Dec. 31 2023      0.13           0.18           Beat