Some sunshine with a thunderstorm or two possible this afternoon. A few storms may be severe. High 83F. Winds WSW at 10 to 15 mph. Chance of rain 30%..
Tonight
Some clouds this evening will give way to mainly clear skies overnight. Low 62F. Winds NW at 5 to 10 mph.
SkyWater Technology, Inc. (SKYT) ended the recent trading session at $30.58, demonstrating a -1.92% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 1.52%. Elsewhere, the Dow lost 2.19%, while the tech-heavy Nasdaq lost 1.74%.
The stock of company has fallen by 10.45% in the past month, lagging the Computer and Technology sector's loss of 3.5% and the S&P 500's gain of 1.92%.
The upcoming earnings release of SkyWater Technology, Inc. will be of great interest to investors. In that report, analysts expect SkyWater Technology, Inc. to post earnings of -$0.07 per share. This would mark year-over-year growth of 36.36%. Simultaneously, our latest consensus estimate expects the revenue to be $148 million, showing a 150.59% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.26 per share and revenue of $605 million, which would represent changes of -2700% and +36.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for SkyWater Technology, Inc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 remained stagnant within the past month. SkyWater Technology, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 21% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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