SiTime Corp expected to post earnings of 85cents a share - Earnings Preview

SiTime

31/10/2022 20:48

* SiTime Corp  SITM.OQ   SITM.O  is expected to show a rise
in
quarterly revenue when it reports  results on November 2. 
    * The Santa Clara California-based  company is expected to
report 
a 15.5% increase in revenue to $72.8 million from $63.03 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on August 3
2022, for the period ended September 30, was for revenue between
$71.48 million and $74.65 million.
    * ​Refinitiv's mean analyst estimate for SiTime Corp is for
earnings of 85 cents per share. The company's EPS guidance on
August 3 2022, for the period ended September 30, was between
USD0.8 and USD0.9 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"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 $94.42. ​​​

The company's guidance on August 3 2022 for the period ended
September 30 was for gross profit margin between USD64% and
USD66%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.75        0.75       1.03      Beat    36.9
 ​​Jun.        0.23        0.23       0.46      Beat    102.9
 30 2021                                                
 Mar. 31 2021  0.12        0.12       0.19      Beat    58.8​
 Dec. 31 2020  0.37        0.37       0.43      Beat    17.2
 Sep. 30 2020  0.15        0.15       0.23      Beat    49.4
 This summary was machine generated October 31 at 20:48 GMT.  All
figures in US dollars  unless otherwise stated