SiTime Corp expected to post earnings of 26 cents a share - Earnings Preview

SiTime

05/11/2024 24:06

* SiTime Corp  SITM.OQ   SITM.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Santa Clara California-based  company is expected to
report
a 55.1% increase in revenue to $55.084 million from $35.52
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on August 7
2024, for the period ended September 30, was for revenue between
$54.83 million and $55.71 million.
    * ​LSEG's mean analyst estimate for SiTime Corp is for
earnings of
26 cents per share. The company's EPS guidance on August 7 2024,
for the period ended September 30, was between $0.23 and $0.27 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and 1 "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
$142.50​, below​ its last closing price of $171.81. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for gross profit margin of 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  
 Jun. 30 2024  0.04        0.04       0.12      Beat    209
 Mar. 31 2024  -0.15       -0.15      -0.08     Beat    45.3
 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.        -0.30       -0.29      -0.22     Beat    25.4
 30 2023                                                
 Mar. 31 2023  0.00        0.00       0.09      Beat    4,400​
 Dec. 31 2022  0.55        0.55       0.64      Beat    16.4
 Jan. 1 0001   0.85        0.85       0.97      Beat    14.6
 This summary was machine generated November 5 at 00:06 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)