Skywater Technology Inc reports results for the quarter ended September 30 - Earnings Summary

• Skywater Technology Inc SKYT.OQ reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of five analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -3 cents to -1 cents per share.

• Revenue rose 31% to $93.82 million from a year ago; analysts expected $94.59 million.

• Skywater Technology Inc's reported EPS for the quarter was 3 cents​.

• The company reported quarterly net income of $1.51 million.

• Skywater Technology Inc shares had risen by 14.9% this quarter and gained 8.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 27.1% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• 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 average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Skywater Technology Inc is $12.00

This summary was machine generated from LSEG data November 8 at 04:26 p.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)