SiTime Corp expected to post earnings of 21 cents a share - Earnings Preview

SiTime

09/02/2024 22:01

* SiTime Corp  SITM.OQ   SITM.O  is expected to show a fall
in
quarterly revenue when it reports  results on February 13 for
the period ending December 31 2023
    * The Santa Clara California-based  company is expected to
report
a 31.4% decrease in revenue to $41.726 million from $60.84
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on November
1 2023, for the period ended December 31, was for revenue
between $40.85 million and $42.62 million. (Revenue basis is on
Total Revenue)
    * ​LSEG's mean analyst estimate for SiTime Corp is for
earnings of
21 cents per share. The company's EPS guidance on November 1
2023, for the period ended December 31, was between $0.18 and
$0.22 
    * 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 $116.37. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.55        0.55       0.64      Beat    16.4
 ​​Sep.        0.85        0.85       0.97      Beat    14.6
 30 2022                                                
 Jun. 30 2022  1.01        1.01       1.11      Beat    9.7​
 Mar. 31 2022  0.77        0.77       0.94      Beat    22.8
 Dec. 31 2021  1.09        1.09       1.32      Beat    21.2
 This summary was machine generated February 9 at 22:01 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)