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

SiTime

08/08/2024 01:02

* SiTime Corp  SITM.OQ  reported quarterly adjusted earnings
of 12
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -22
cents.  The mean expectation of six analysts for the quarter was
for earnings of 4 cents per share. Wall Street expected
results to range from 3 cents to 4 cents per share.
    * Revenue rose 58.2% to $43.87 million from a year ago;
analysts
expected $41.00 million. 
    * SiTime Corp's reported EPS for the quarter was a loss of
$1.16​.
    * The company reported a quarterly loss of $26.77 million.
    * SiTime Corp shares had fallen by 8.8% this quarter and
lost 7.0%
so far this year.

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 5 "strong buy" or "buy," 1
"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
$140.00 
This summary was machine generated from LSEG data August 8 at
12:02 a.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
 Jan. 1 0001       0.04           0.12           Beat
 Mar. 31 2024      -0.15          -0.08          Beat
 Dec. 31 2023      0.21           0.24           Beat
 Sep. 30 2023      0.00           0.06           Beat