Core Viewpoint - QuickLogic is facing challenges with a projected earnings decline and significant revenue drop, while its stock performance has lagged behind broader market indices [1][2][3]. Company Performance - QuickLogic's stock closed at $7.53, reflecting a +1.48% increase, outperforming the S&P 500's gain of 0.41% [1]. - Over the past month, QuickLogic's stock has decreased by 3.13%, underperforming the Computer and Technology sector and the S&P 500 [1]. Upcoming Earnings - The upcoming earnings report on November 11, 2024, is anticipated to show an EPS of -$0.05, indicating a 138.46% decrease year-over-year [2]. - Revenue is projected at $4.2 million, down 37.03% from the same quarter last year [2]. Annual Estimates - For the annual period, earnings are expected to be $0.35 per share, representing a +105.88% increase, with revenue projected at $24.4 million, a +15.11% increase from the previous year [3]. Analyst Estimates - Recent changes in analyst estimates for QuickLogic suggest a shifting business landscape, with positive revisions indicating a favorable outlook [3][4]. Valuation Metrics - QuickLogic's current Forward P/E ratio is 21.2, which is lower than the industry average of 30.98 [6]. - The Electronics - Semiconductors industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 150, placing it in the bottom 41% of over 250 industries [6]. Zacks Rank System - QuickLogic currently has a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the past month [5].
QuickLogic (QUIK) Beats Stock Market Upswing: What Investors Need to Know