SiTime Corp expected to post a loss of 15 cents a share - Earnings Preview

SiTime

07/05/2024 03:01

* SiTime Corp  SITM.OQ   SITM.O  is expected to show a fall
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Santa Clara California-based  company is expected to
report
a 16.5% decrease in revenue to $32.025 million from $38.34
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on February
13 2024, for the period ended March 31, was for revenue between
$31.00 million and $33.00 million.
    * ​LSEG's mean analyst estimate for SiTime Corp is for a
loss
of 15 cents per share. The company's EPS guidance on February 13
2024, for the period ended March 31, was between $-0.17 and
$-0.12 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 SiTime Corp
is
$145.00​, above​ its last closing price of $96.64. ​​​

The company's guidance on February 13 2024 for the period ended
March 31 was for gross profit margin between USD57% and USD58%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.21        0.21       0.24      Beat    17.1
 Sep. 30 2023  0.00        0.00       0.06      Beat    6,100
 Jun. 30 2023  -0.30       -0.29      -0.22     Beat    25.4​
 Mar. 31 2023  0.00        0.00       0.09      Beat    4,400
 ​​Dec.        0.55        0.55       0.64      Beat    16.4
 31 2022                                                
 Sep. 30 2022  0.85        0.85       0.97      Beat    14.6​
 Jun. 30 2022  1.01        1.01       1.11      Beat    9.7
 Mar. 31 2022  0.77        0.77       0.94      Beat    22.8
 This summary was machine generated May 7 at 02:01 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)