Skywater Technology Inc expected to post a loss of 11 cents a share - Earnings Preview
06/08/2024 03:03
* Skywater Technology Inc SKYT.OQ SKYT.O is expected
to show a
rise in quarterly revenue when it reports results on August 7
for the period ending June 30 2024
* The Bloomington Minnesota-based company is expected to
report a
18.7% increase in revenue to $82.9 million from $69.81 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $82.00 million and
$85.00 million.
* LSEG's mean analyst estimate for Skywater Technology Inc
is for
a loss of 11 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Skywater
Technology Inc is $12.00, above its last closing price
of $6.02.
The company's guidance on May 8 2024 for the period ended June
30 was for gross profit margin between USD16% and USD19%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 -0.04 -0.05 -0.08 Missed -68.4
Dec. 31 2024 -0.12 -0.12 -0.02 Beat 83.9
Sep. 30 2023 -0.17 -0.16 -0.04 Beat 75
Jun. 30 2023 -0.12 -0.11 -0.14 Missed -27.3
Mar. -0.13 -0.13 -0.06 Beat 53.1
31 2023
Dec. 31 2022 -0.11 -0.11 -0.03 Beat 73.1
Sep. 30 2022 -0.25 -0.25 -0.13 Beat 48.3
Jan. 1 0001 -0.25 -0.27 -0.27 Met -0.8
This summary was machine generated August 6 at 02:02 GMT. 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)