Skywater Technology Inc expected to post a loss of 6 cents a share - Earnings Preview

Reuters
02-24
Skywater Technology Inc <skyt.oq> expected to post a loss of 6 cents a share - Earnings Preview </skyt.oq>
  • Skywater Technology Inc SKYT.OQ SKYT.O is expected to show a fall in quarterly revenue when it reports results on February 26 for the period ending December 31 2024

  • The Bloomington Minnesota-based company is expected to report a 6.3% decrease in revenue to $74.18 million from $79.15 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on November 7 2024, for the period ended December 31, was for revenue between $72.00 million and $76.00 million.

  • ​LSEG's mean analyst estimate for Skywater Technology Inc is for a loss of 6 cents per share. The company's EPS guidance on November 7 2024, for the period ended December 31, was between $-0.10 and $-0.04

  • 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 $9.68. ​​​

The company's guidance on November 7 2024 for the period ended December 31 was for gross profit margin between USD19% and USD23%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

-0.02

-0.02

0.08

Beat

593.8

Jun. 30 2024

-0.11

-0.11

0.02

Beat

118.9

Mar. 31 2024

-0.04

-0.05

-0.08

Missed

-68.4​

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. 31 2022

-0.11

-0.11

-0.03

Beat

73.1

This summary was machine generated February 24 at 14:09 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)

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