SiTime Corp reports results for the quarter ended in September 30 - Earnings Summary

• SiTime Corp SITM.OQ reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 6 cents. The mean expectation of six analysts for the quarter was for earnings of 26 cents per share. Wall Street expected results to range from 25 cents to 29 cents per share.

• Revenue rose 62.4% to $57.70 million from a year ago; analysts expected $55.08 million.

• SiTime Corp's reported EPS for the quarter was a loss of 83 cents​.

• The company reported a quarterly loss of $19.32 million.

• SiTime Corp shares had risen by 3.3% this quarter and gained 45.1% 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 5 "strong buy" or "buy," no "hold" and 1 "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 SiTime Corp is $170.00

This summary was machine generated from LSEG data November 7 at 04:31 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)