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QuickLogic (QUIK) Increases Despite Market Slip: Here's What You Need to Know
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In the latest trading session, QuickLogic (QUIK - Free Report) closed at $7.36, marking a +1.24% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
The maker of chips for mobile and portable electronics manufacturers's shares have seen an increase of 19.57% over the last month, surpassing the Computer and Technology sector's gain of 2.62% and the S&P 500's gain of 2.26%.
Investors will be eagerly watching for the performance of QuickLogic in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.11, reflecting a 375% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.5 million, indicating a 38.6% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.48 per share and a revenue of $13.6 million, demonstrating changes of -1300% and 0%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for QuickLogic. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, QuickLogic holds 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 represents a premium compared to its industry average Forward P/E of 35.72.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 100, finds itself in the top 41% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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QuickLogic (QUIK) Increases Despite Market Slip: Here's What You Need to Know
In the latest trading session, QuickLogic (QUIK - Free Report) closed at $7.36, marking a +1.24% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a drop of 0.8%, and the technology-dominated Nasdaq saw a decrease of 0.1%.
The maker of chips for mobile and portable electronics manufacturers's shares have seen an increase of 19.57% over the last month, surpassing the Computer and Technology sector's gain of 2.62% and the S&P 500's gain of 2.26%.
Investors will be eagerly watching for the performance of QuickLogic in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.11, reflecting a 375% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.5 million, indicating a 38.6% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.48 per share and a revenue of $13.6 million, demonstrating changes of -1300% and 0%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for QuickLogic. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, QuickLogic holds 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 represents a premium compared to its industry average Forward P/E of 35.72.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 100, finds itself in the top 41% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.