Skywater Technology Inc reports results for the quarter ended June 30 - Earnings Summary

• Skywater Technology Inc SKYT.OQ reported a quarterly adjusted loss of 11 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of five analysts for the quarter was for a loss of 18 cents per share. Wall Street expected results to range from -19 cents to -17 cents per share.

• Revenue fell 36.7% to $59.06 million from a year ago; analysts expected $57.46 million.

• Skywater Technology Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $9.98 million.

• Skywater Technology Inc shares had fallen by 7.8% this quarter and lost 34.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 93.6% 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, about 24.4% above its last closing price of $9.07

This summary was machine generated from LSEG data August 6 at 09:01 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)