SiTime Corp reports results for the quarter ended June 30 - Earnings Summary

• SiTime Corp SITM.OQ reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of six analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 29 cents per share.

• Revenue rose 58.4% to $69.49 million from a year ago; analysts expected $64.65 million.

• SiTime Corp's reported EPS for the quarter was a loss of 84 cents​.

• The company reported a quarterly loss of $20.18 million.

• SiTime Corp shares had fallen by 7.2% this quarter and lost 7.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 13.9% 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 5 "strong buy" or "buy," 1 "hold" and 1 "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 SiTime Corp is $230.00, about 8.4% above its last closing price of $210.70

This summary was machine generated from LSEG data August 6 at 10:50 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)