Skywater Technology Inc reports results for the quarter ended September 30 - Earnings Summary
08/11/2024 16:27
* Skywater Technology Inc SKYT.OQ reported quarterly
adjusted
earnings of 8 cents per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -4 cents. The mean expectation of five analysts
for the quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -3 cents to -1 cents per share.
* Revenue rose 31% to $93.82 million from a year ago;
analysts
expected $94.59 million.
* Skywater Technology Inc's reported EPS for the quarter was
3
cents.
* The company reported quarterly net income of $1.51
million.
* Skywater Technology Inc shares had risen by 14.9% this
quarter and gained 8.4% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 27.1%
in the last three months.
* In the last 30 days, one analyst negatively revised an
earnings
estimate
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 November 8 at
04:26 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
Sep. 30 2024 -0.02 0.08 Beat
Jun. 30 2024 -0.11 0.02 Beat
Mar. 31 2024 -0.05 -0.08 Missed
Dec. 31 2023 -0.12 -0.02 Beat