SiTime Corp expected to post earnings of 4 cents a share - Earnings Preview

SiTime

06/08/2024 03:07

* SiTime Corp  SITM.OQ   SITM.O  is expected to show a rise
in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Santa Clara California-based  company is expected to
report
a 47.9% increase in revenue to $41.005 million from $27.73
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$40.00 million and $42.00 million.
    * ​LSEG's mean analyst estimate for SiTime Corp is for
earnings of
4 cents per share. The company's EPS guidance on May 8 2024, for
the period ended June 30, was between $0.01 and $0.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"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
$140.00​, above​ its last closing price of $112.10. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for gross profit margin of USD0%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.15       -0.15      -0.08     Beat    45.3
 Jan. 1 2024   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.        0.00        0.00       0.09      Beat    4,400
 31 2023                                                
 Jan. 1 0001   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
 This summary was machine generated August 6 at 02:07 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)