Everspin Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• Everspin Technologies Inc MRAM.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of two analysts for the quarter was for earnings of 12 cents per share. Wall Street expected results to range from 11 cents to 12 cents per share.

• Revenue rose 11.8% to $14.80 million from a year ago; analysts expected $14.45 million.

• Everspin Technologies Inc's reported EPS for the quarter was 5 cents​.

• The company reported quarterly net income of $1.2 million.

• Everspin Technologies Inc shares had risen by 14.3% this quarter.

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 $12.75, about 15.4% above its last closing price of $10.79

This summary was machine generated from LSEG data March 4 at 11:14 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)