SiTime Third Quarter 2024 Earnings: Beats Expectations

Simply Wall St.11-08

SiTime (NASDAQ:SITM) Third Quarter 2024 Results Key Financial Results Revenue: US$57.7m (up 62% from 3Q 2023). Net loss: US$19.3m (loss widened by 6.6% from 3Q 2023). US$0.83 loss per share (further ...

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All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 4.7%. Earnings per share  also surpassed analyst estimates by 2.6%.Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.The company's shares are up 33% from a week ago.Following the latest earnings results, SiTime may be overvalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"SITM":"SiTime Corp"},"translate_title":"SiTime 2024年第三季度收益：超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SITM":0.9},"content_text":"SiTime (NASDAQ:SITM) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$57.7m (up 62% from 3Q 2023).\nNet loss: US$19.3m (loss widened by 6.6% from 3Q 2023).\nUS$0.83 loss per share (further deteriorated from US$0.81 loss in 3Q 2023).\n\n\n\n\n  NasdaqGM:SITM Earnings and Revenue Growth November 8th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nSiTime Revenues and Earnings Beat Expectations\n Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. \n Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US. \nPerformance of the American Semiconductor industry.\n The company's shares are up 33% from a week ago. \nValuation\n Following the latest earnings results, SiTime may be overvalued based on 6 different valuation benchmarks we assess. Discover what analysts are forecasting and how the current share price shapes up by clicking here. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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