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SkyWater Technology, Inc. (SKYT) Beats Stock Market Upswing: What Investors Need to Know
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SkyWater Technology, Inc. (SKYT - Free Report) closed at $27.86 in the latest trading session, marking a +1.49% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.01% for the day. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 1.22%.
The company's shares have seen a decrease of 6.09% over the last month, not keeping up with the Computer and Technology sector's loss of 2.06% and the S&P 500's loss of 2.86%.
The upcoming earnings release of SkyWater Technology, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.08, indicating constancy compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $147 million, showing a 139.8% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.26 per share and revenue of $605 million, which would represent changes of -2700% and +36.83%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWater Technology, Inc. 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5% downward. SkyWater Technology, Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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SkyWater Technology, Inc. (SKYT) Beats Stock Market Upswing: What Investors Need to Know
SkyWater Technology, Inc. (SKYT - Free Report) closed at $27.86 in the latest trading session, marking a +1.49% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.01% for the day. Meanwhile, the Dow experienced a rise of 0.83%, and the technology-dominated Nasdaq saw an increase of 1.22%.
The company's shares have seen a decrease of 6.09% over the last month, not keeping up with the Computer and Technology sector's loss of 2.06% and the S&P 500's loss of 2.86%.
The upcoming earnings release of SkyWater Technology, Inc. will be of great interest to investors. The company is predicted to post an EPS of -$0.08, indicating constancy compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $147 million, showing a 139.8% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.26 per share and revenue of $605 million, which would represent changes of -2700% and +36.83%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for SkyWater Technology, Inc. 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 5% downward. SkyWater Technology, Inc. is holding a Zacks Rank of #5 (Strong Sell) right now.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 85, this industry ranks in the top 35% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.