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Why SkyWater Technology, Inc. (SKYT) Dipped More Than Broader Market Today
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SkyWater Technology, Inc. (SKYT - Free Report) closed at $10.39 in the latest trading session, marking a -1.42% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.
Heading into today, shares of the company had lost 8.82% over the past month, lagging the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6% in that time.
Analysts and investors alike will be keeping a close eye on the performance of SkyWater Technology, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on February 26, 2025. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 250% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.1 million, down 6.38% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for SkyWater Technology, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, SkyWater Technology, Inc. possesses a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 134, finds itself in the bottom 47% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Why SkyWater Technology, Inc. (SKYT) Dipped More Than Broader Market Today
SkyWater Technology, Inc. (SKYT - Free Report) closed at $10.39 in the latest trading session, marking a -1.42% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.
Heading into today, shares of the company had lost 8.82% over the past month, lagging the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6% in that time.
Analysts and investors alike will be keeping a close eye on the performance of SkyWater Technology, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on February 26, 2025. The company's earnings per share (EPS) are projected to be -$0.07, reflecting a 250% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.1 million, down 6.38% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for SkyWater Technology, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, SkyWater Technology, Inc. possesses a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 134, finds itself in the bottom 47% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.