In the latest close session, SkyWater Technology, Inc. was up +1.95% at $35.60. The stock's change was more than the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 2.07%.
Shares of the company have depreciated by 10.42% over the course of the past month, underperforming the Computer and Technology sector's loss of 5.33%, and the S&P 500's loss of 2.9%.
Market participants will be closely following the financial results of SkyWater Technology, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.07, showcasing a 36.36% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $148 million, up 150.59% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.26 per share and a revenue of $605 million, signifying shifts of -2700% and +36.83%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SkyWater Technology, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. SkyWater Technology, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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SkyWater Technology, Inc. (SKYT) Rises Higher Than Market: Key Facts
In the latest close session, SkyWater Technology, Inc. was up +1.95% at $35.60. The stock's change was more than the S&P 500's daily gain of 1.18%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 2.07%.
Shares of the company have depreciated by 10.42% over the course of the past month, underperforming the Computer and Technology sector's loss of 5.33%, and the S&P 500's loss of 2.9%.
Market participants will be closely following the financial results of SkyWater Technology, Inc. in its upcoming release. The company is forecasted to report an EPS of -$0.07, showcasing a 36.36% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $148 million, up 150.59% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.26 per share and a revenue of $605 million, signifying shifts of -2700% and +36.83%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for SkyWater Technology, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. SkyWater Technology, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.