Skywater Technology Inc expected to post a loss of 5 cents a share - Earnings Preview

Skywater Technology

07/05/2024 03:07

* Skywater Technology Inc  SKYT.OQ   SKYT.O  is expected
to show a
rise in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The Bloomington Minnesota-based  company is expected to
report a
21.0% increase in revenue to $80 million from $66.09 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.The company's guidance on February 26 2024, for the
period ended March 31, was for revenue of $80.000 million.
    * ​LSEG's mean analyst estimate for Skywater Technology Inc
is for
a loss of 5 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 $15.00​, above​ its last closing price
of $10.38. ​​​

The company's guidance on February 26 2024 for the period ended
March 31 was for gross profit margin between USD19.1% and
USD19.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -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. 31 2023  -0.13       -0.13      -0.06     Beat    53.1
 ​​Dec.        -0.11       -0.11      -0.03     Beat    73.1
 31 2022                                                
 Sep. 30 2022  -0.25       -0.25      -0.13     Beat    48.3​
 Jun. 30 2022  -0.25       -0.27      -0.27     Met     -0.8
 Mar. 31 2022  -0.34       -0.33      -0.33     Met     0.3
 This summary was machine generated May 7 at 02:07 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)