SkyWater Technology, Inc. (SKYT) Laps the Stock Market: Here's Why

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $11.76, reflecting a +1.82% change from the previous day, outperforming the S&P 500's daily gain of 0.88% [1] - Over the past month, shares of SkyWater Technology have decreased by 11.7%, underperforming the Computer and Technology sector's gain of 0.37% and the S&P 500's gain of 1.17% [1] Earnings Forecast - The upcoming earnings report for SkyWater Technology is projected to show an earnings per share (EPS) of -$ 0.07, indicating a 250% decrease from the same quarter last year [2] - Revenue is estimated to be $74.1 million, reflecting a 6.38% decline compared to the corresponding quarter of the prior year [2] Analyst Estimates - Changes in analyst estimates for SkyWater Technology are crucial as they often reflect short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which incorporates these estimate changes, is used to gauge stock performance, with a current Zacks Rank of 3 (Hold) for SkyWater Technology [5] Industry Context - SkyWater Technology operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector, holding a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]