* Everspin Technologies Inc reported quarterly adjusted earnings of 17 cents per share for the quarter ended September 30, identical to the same quarter last year. The mean expectation of two analysts for the quarter was for a loss of one cent per share.
* Revenue fell 26.6% to $12.09 million from a year ago; analysts expected $12.00 million.
* Everspin Technologies Inc's reported EPS for the quarter was 12 cents.
* The company reported quarterly net income of $2.27 million.
* Everspin Technologies Inc shares had risen by 13.4% this quarter and lost 26.0% so far this year.
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 2 "strong buy" or "buy," no "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 Everspin Technologies Inc is 9.00 This summary was machine generated from LSEG data October 31 at 02:37 a.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 -0.01 0.17 Beat
Jun. 30 2024 -0.06 -0.03 Beat
Mar. 31 2024 0.05 0.07 Beat
Dec. 31 2023 0.12 0.14 Beat
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