AI-Summary – News For Tomorrow
SkyWater Technology stock surged 33.1% last month, significantly outperforming the tech sector and S&P 500. Upcoming earnings are expected to show a -$0.17 EPS, a 312.5% year-over-year decline, but revenue is projected to rise 44.43% to $135.5 million. Analyst estimate revisions, tracked by the Zacks Rank, are crucial indicators of future performance. SkyWater currently holds a Zacks Rank #4 (Sell), indicating a negative outlook. The Electronics – Semiconductors industry, within which SkyWater operates, ranks in the bottom 24% of all industries, suggesting general weakness in the sector. Industry rank affects stock performance, with top-rated industries historically outperforming lower-rated ones.
News summary provided by Gemini AI.
Shares of the company witnessed a gain of 33.1% over the previous month, beating the performance of the Computer and Technology sector with its gain of 9.88%, and the S&P 500’s gain of 3.64%.
Investors will be eagerly watching for the performance of SkyWater Technology, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of -$0.17, indicating a 312.5% decline compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $135.5 million, up 44.43% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for SkyWater Technology, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts’ confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there’s been no change in the Zacks Consensus EPS estimate. Currently, SkyWater Technology, Inc. is carrying a Zacks Rank of #4 (Sell).
The Electronics – Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 189, this industry ranks in the bottom 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
