SiTime Corp expected to post a loss of 29 cents a share - Earnings Preview

SiTime

01/08/2023 03:07

* SiTime Corp  SITM.OQ   SITM.O  is expected to show a fall
in
quarterly revenue when it reports  results on August 2. 
    * The Santa Clara California-based  company is expected to
report 
a 66.6% decrease in revenue to $26.507 million from $79.42
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. The company's guidance on May
3 2023, for the period ended June 30, was for revenue between
$25.00 million and $28.00 million.
    * ​Refinitiv's mean analyst estimate for SiTime Corp is for
a loss
of 29 cents per share. The company's EPS guidance on May 3 2023,
for the period ended June 30, was between $-0.35 and $-0.25 
    * 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
$130​, above​ its last closing price of $129.01. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between USD56% and USD58%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.00        0.00       0.09      Beat    4,400
 Dec. 31 2023  0.55        0.55       0.64      Beat    16.4
 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.        0.77        0.77       0.94      Beat    22.8
 31 2022                                                
 Dec. 31 2021  1.09        1.09       1.32      Beat    21.2​
 Sep. 30 2021  0.75        0.75       1.03      Beat    36.9
 Jun. 30 2021  0.23        0.23       0.46      Beat    102.9
 This summary was machine generated August 1 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated