Skywater Technology Inc reports results for the quarter ended in December - Earnings Summary

Skywater Technology

26/02/2024 22:39

* Skywater Technology Inc  SKYT.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -3 cents.  The mean expectation of five analysts
for the quarter was for a loss of 12 cents per share. Wall
Street expected results to range from -15 cents to -9 cents per
share.
    * Revenue rose 21.6% to $79.15 million from a year ago;
analysts
expected $74.84 million. 
    * Skywater Technology Inc's reported EPS for the quarter was
a
loss of 22 cents​.
    * The company reported a quarterly loss of $10.33 million.
    * Skywater Technology Inc shares had fallen by 1.1% this
quarter.

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," 1
"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 Skywater
Technology Inc is $12.00 
This summary was machine generated from LSEG data February 26 at
10:38 p.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
 Dec. 31 2023      -0.12          -0.02          Beat
 Sep. 30 2023      -0.16          -0.04          Beat
 Jun. 30 2023      -0.11          -0.14          Missed
 Mar. 31 2023      -0.13          -0.06          Beat