SkyWater(US:SKYT) ZACKSยท2024-11-08 00:10Company Performance - SkyWater Technology, Inc. reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, and compared to a loss of $0.05 per share a year ago, representing an earnings surprise of 500% [1] - The company posted revenues of $93.82 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 0.88%, but showed an increase from year-ago revenues of $71.62 million [2] - Over the last four quarters, SkyWater Technology has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Performance and Outlook - SkyWater Technology shares have increased by approximately 2.8% since the beginning of the year, while the S&P 500 has gained 24.3% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the sustainability of the recent earnings numbers [3][4] - The current consensus EPS estimate for the upcoming quarter is -$0.02 on revenues of $81.7 million, and for the current fiscal year, it is -$0.10 on revenues of $349.35 million [7] Industry Context - The Electronics - Semiconductors industry, to which SkyWater Technology belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact SkyWater Technology's stock performance [5][6]