SiTime Corp reports results for the quarter ended in September 30 - Earnings Summary

SiTime

07/11/2024 04:31

* SiTime Corp  SITM.OQ  reported quarterly adjusted earnings
of 40
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 6 cents.  The mean expectation of six analysts for the
quarter was for earnings of 26 cents per share. Wall Street
expected results to range from 25 cents to 29 cents per share.
    * Revenue rose 62.4% to $57.70 million from a year ago;
analysts
expected $55.08 million. 
    * SiTime Corp's reported EPS for the quarter was a loss
of 83
cents​.
    * The company reported a quarterly loss of $19.32 million.
    * SiTime Corp shares had risen by 3.3% this quarter and
gained 45.1% 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," no
"hold" and 1 "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
$170.00 
This summary was machine generated from LSEG data November 7 at
04:31 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
 Sep. 30 2024      0.26           0.40           Beat
 Jun. 30 2024      0.04           0.12           Beat
 Mar. 31 2024      -0.15          -0.08          Beat
 Dec. 31 2023      0.21           0.24           Beat