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QuickLogic (QUIK) Rises As Market Takes a Dip: Key Facts
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In the latest close session, QuickLogic (QUIK - Free Report) was up +2.49% at $9.48. This change outpaced the S&P 500's 0.28% loss on the day. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.28%.
Heading into today, shares of the maker of chips for mobile and portable electronics manufacturers had gained 14.48% over the past month, outpacing the Computer and Technology sector's loss of 2.12% and the S&P 500's loss of 3.59%.
Market participants will be closely following the financial results of QuickLogic in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.06, reflecting a 14.29% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.5 million, up 27.31% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0 per share and a revenue of $24.7 million, signifying shifts of +100% and +79.32%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for QuickLogic. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.11% lower within the past month. QuickLogic is currently sporting a Zacks Rank of #4 (Sell).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 140, this industry ranks in the bottom 43% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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QuickLogic (QUIK) Rises As Market Takes a Dip: Key Facts
In the latest close session, QuickLogic (QUIK - Free Report) was up +2.49% at $9.48. This change outpaced the S&P 500's 0.28% loss on the day. Meanwhile, the Dow lost 0.44%, and the Nasdaq, a tech-heavy index, lost 0.28%.
Heading into today, shares of the maker of chips for mobile and portable electronics manufacturers had gained 14.48% over the past month, outpacing the Computer and Technology sector's loss of 2.12% and the S&P 500's loss of 3.59%.
Market participants will be closely following the financial results of QuickLogic in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.06, reflecting a 14.29% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.5 million, up 27.31% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0 per share and a revenue of $24.7 million, signifying shifts of +100% and +79.32%, respectively, from the last year.
It is also important to note the recent changes to analyst estimates for QuickLogic. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 11.11% lower within the past month. QuickLogic is currently sporting a Zacks Rank of #4 (Sell).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 140, this industry ranks in the bottom 43% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.