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

SiTime

02/11/2023 07:49

* SiTime Corp  SITM.OQ  reported quarterly adjusted earnings
of 6
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported EPS of 97
cents.  The mean expectation of six analysts for the quarter was
for breakeven results per share. Wall Street expected results to
range from -1 cents tozero cents per share.
    * Revenue fell 51.4% to $35.52 million from a year ago;
analysts
expected $34.64 million. 
    * SiTime Corp's reported EPS for the quarter was a loss
of 81
cents​.
    * The company reported a quarterly loss of $18.13 million.
    * SiTime Corp shares had fallen by 15.3% this quarter and
lost 4.8% 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 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 November 2 at
07:49 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.00           0.06           Beat
 Jun. 30 2023      -0.29          -0.22          Beat
 Mar. 31 2023      0.00           0.09           Beat
 Dec. 31 2022      0.55           0.64           Beat