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SkyWater Technology, Inc. (SKYT) Suffers a Larger Drop Than the General Market: Key Insights
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SkyWater Technology, Inc. (SKYT - Free Report) ended the recent trading session at $10.21, demonstrating a -2.34% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.38%.
Coming into today, shares of the company had gained 6.2% in the past month. In that same time, the Computer and Technology sector gained 4.85%, while the S&P 500 gained 3.64%.
The investment community will be closely monitoring the performance of SkyWater Technology, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2025. The company is expected to report EPS of -$0.17, down 950% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $57.3 million, indicating a 38.6% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.01 per share and a revenue of $307.15 million, representing changes of -116.67% and -10.26%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SkyWater Technology, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SkyWater Technology, Inc. currently has a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKYT in the coming trading sessions, be sure to utilize Zacks.com.
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SkyWater Technology, Inc. (SKYT) Suffers a Larger Drop Than the General Market: Key Insights
SkyWater Technology, Inc. (SKYT - Free Report) ended the recent trading session at $10.21, demonstrating a -2.34% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.3%. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.38%.
Coming into today, shares of the company had gained 6.2% in the past month. In that same time, the Computer and Technology sector gained 4.85%, while the S&P 500 gained 3.64%.
The investment community will be closely monitoring the performance of SkyWater Technology, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2025. The company is expected to report EPS of -$0.17, down 950% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $57.3 million, indicating a 38.6% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.01 per share and a revenue of $307.15 million, representing changes of -116.67% and -10.26%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SkyWater Technology, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SkyWater Technology, Inc. currently has a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 62, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SKYT in the coming trading sessions, be sure to utilize Zacks.com.