Core Insights - QuickLogic is rated Zacks Rank 3 (Hold) based on a strong externally audited track record and significant changes in earnings estimates [1][22] - The consensus sales estimate for QuickLogic is $4.5 million for the current quarter, reflecting a year-over-year increase of +54.1% [4] - QuickLogic's earnings estimate for the current fiscal year is $0.50, indicating a year-over-year change of +194.1% [7] Earnings Estimate Revisions - QuickLogic is expected to post earnings of $0.01 per share for the current quarter, representing a year-over-year change of +108.3% [14] - The consensus earnings estimate for the next fiscal year is $0.61, indicating a change of +22% from the previous year [15] - The company has seen a significant correlation between earnings estimate revisions and stock price movements, as higher earnings estimates typically lead to increased stock fair value [2][6] Projected Revenue Growth - QuickLogic reported revenues of $6.01 million in the last quarter, showing a year-over-year change of +45.5% [16] - The current quarter's sales estimate of $4.5 million and the fiscal year estimates of $27.5 million and $34.6 million indicate strong revenue growth trends [4] Valuation - QuickLogic is graded F in terms of valuation, suggesting it is trading at a premium compared to its peers [18] - The company has surpassed consensus EPS estimates two times over the last four quarters, indicating a positive trend in performance [20] Market Performance - QuickLogic shares have returned +7.8% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [13] - The Zacks Electronics - Semiconductors industry, to which QuickLogic belongs, has gained 11.8% over the same period [13]
QuickLogic Corporation (QUIK) Is a Trending Stock: Facts to Know Before Betting on It