Earnings Outlook For SkyWater Technology
Portfolio Pulse from Benzinga Insights
SkyWater Technology (NASDAQ:SKYT) is anticipated to report a Q4 earnings per share (EPS) of $-0.12 on February 26, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Historically, SKYT's share price has shown volatility post-earnings announcements, with a mix of positive and negative reactions. Currently, shares are trading at $9.82, reflecting a 21.87% decline over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.
February 23, 2024 | 4:01 pm
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SkyWater Technology is expected to report a Q4 EPS of $-0.12. Historical data shows share price volatility post-earnings, with a current year-long decline of 21.87%.
The anticipation of SkyWater Technology's earnings report and its potential to beat EPS estimates could influence short-term stock performance. However, the historical mixed reactions to past earnings and the current bearish long-term sentiment suggest a cautious approach. The company's guidance for the next quarter will be crucial in determining the immediate direction of the stock price. Given the past volatility, the score is neutral, reflecting uncertainty in the stock's short-term movement post-earnings announcement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100