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

SiTime

04/05/2023 01:01

* SiTime Corp  SITM.OQ  reported quarterly adjusted earnings
of 9
cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for breakeven
results per share.
    * Revenue fell 45.4% to $38.34 million from a year ago;
analysts
expected $38.02 million. 
    * SiTime Corp's reported EPS for the quarter was a loss
of 76
cents​.
    * The mean earnings estimate of analysts had risen by
about 239.9%
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 fallen by 25.2% this quarter and
gained 4.7% so far this year.
    * The company reported a quarterly loss of $16.49 million.
    * Wall Street's median 12-month price target for SiTime Corp
is
$140.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.00           0.09           Beat
 Dec. 31 2022      0.55           0.64           Beat
 Sep. 30 2022      0.85           0.97           Beat
 Jun. 30 2022      1.01           1.11           Beat