Everspin Technologies Inc expected to post a loss of 1 cent a share - Earnings Preview

Reuters10-29

* Everspin Technologies Inc is expected to show a fall in quarterly revenue when it reports results on October 30 for the period ending September 30 2024

* The Chandler Arizona-based company is expected to report a 27.1% decrease in revenue to $12 million from $16.47 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.

* LSEG's mean analyst estimate for Everspin Technologies Inc is for a loss of 1 cent per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "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 Everspin Technologies Inc is 9.00, above its last closing price of $6.51.

This summary was machine generated October 29 at 03:06 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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