We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Why the Market Dipped But QuickLogic (QUIK) Gained Today
Read MoreHide Full Article
In the latest trading session, QuickLogic (QUIK - Free Report) closed at $7.37, marking a +1.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.34%. Elsewhere, the Dow saw a downswing of 0.94%, while the tech-heavy Nasdaq appreciated by 0.16%.
The maker of chips for mobile and portable electronics manufacturers's stock has climbed by 14.13% in the past month, exceeding the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19%.
Market participants will be closely following the financial results of QuickLogic in its upcoming release. It is anticipated that the company will report an EPS of -$0.11, marking a 375% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.5 million, indicating a 38.6% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.48 per share and a revenue of $13.6 million, representing changes of -1300% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for QuickLogic. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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, the Zacks Consensus EPS estimate has remained steady. Right now, QuickLogic possesses a Zacks Rank of #3 (Hold).
Investors should also note QuickLogic's current valuation metrics, including its Forward P/E ratio of 145.4. This valuation marks a premium compared to its industry average Forward P/E of 34.87.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Why the Market Dipped But QuickLogic (QUIK) Gained Today
In the latest trading session, QuickLogic (QUIK - Free Report) closed at $7.37, marking a +1.38% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.34%. Elsewhere, the Dow saw a downswing of 0.94%, while the tech-heavy Nasdaq appreciated by 0.16%.
The maker of chips for mobile and portable electronics manufacturers's stock has climbed by 14.13% in the past month, exceeding the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.19%.
Market participants will be closely following the financial results of QuickLogic in its upcoming release. It is anticipated that the company will report an EPS of -$0.11, marking a 375% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.5 million, indicating a 38.6% downward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.48 per share and a revenue of $13.6 million, representing changes of -1300% and 0%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for QuickLogic. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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, the Zacks Consensus EPS estimate has remained steady. Right now, QuickLogic possesses a Zacks Rank of #3 (Hold).
Investors should also note QuickLogic's current valuation metrics, including its Forward P/E ratio of 145.4. This valuation marks a premium compared to its industry average Forward P/E of 34.87.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 103, this industry ranks in the top 43% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.