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

SiTime

02/08/2023 22:40

* SiTime Corp  SITM.OQ  reported a quarterly adjusted loss
of 22
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for a loss of 29
cents per share.
    * Revenue fell 65.1% to $27.73 million from a year ago;
analysts
expected $26.51 million. 
    * SiTime Corp's reported EPS for the quarter was a loss of
$1.17​.
    * The mean earnings estimate of analysts had fallen by
about 391.7% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * SiTime Corp shares had risen by 13.3% this quarter and
gained 31.5% so far this year.
    * The company reported a quarterly loss of $25.92 million.
    * Wall Street's median 12-month price target for SiTime Corp
is
$130.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:40 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.29          -0.22          Beat
 Mar. 31 2023      0.00           0.09           Beat
 Dec. 31 2022      0.55           0.64           Beat
 Sep. 30 2022      0.85           0.97           Beat