SiTime Corp reports results for the quarter ended in December - Earnings Summary

SiTime

13/02/2024 22:52

* SiTime Corp  SITM.OQ  reported quarterly adjusted earnings
of 24
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 64
cents.  The mean expectation of six analysts for the quarter was
for earnings of 21 cents per share. Wall Street expected
results to range from 20 cents to 22 cents per share.
    * Revenue fell 30.3% to $42.40 million from a year ago;
analysts
expected $41.73 million. 
    * SiTime Corp's reported EPS for the quarter was a loss
of 89
cents​.
    * The company reported a quarterly loss of $20 million.
    * SiTime Corp shares had risen by 3.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for SiTime Corp is
$145.00 
This summary was machine generated from LSEG data February 13 at
10:52 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.21           0.24           Beat
 Sep. 30 2023      0.00           0.06           Beat
 Jun. 30 2023      -0.29          -0.22          Beat
 Mar. 31 2023      0.00           0.09           Beat