Skywater Technology Inc reports results for the quarter ended March 31 - Earnings Summary

• Skywater Technology Inc SKYT.OQ reported a quarterly adjusted loss of 8 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for a loss of 13 cents per share. Wall Street expected results to range from -13 cents to -12 cents per share.

• Revenue fell 23% to $61.30 million from a year ago; analysts expected $61.04 million.

• Skywater Technology Inc's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $7.35 million.

• Skywater Technology Inc shares had risen by 2.1% this quarter and lost 47.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 100% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Skywater Technology Inc is $12.00

This summary was machine generated from LSEG data May 7 at 09:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)