SkyWater Technology, Inc. (SKYT) Stock Declines While Market Improves: Some Information for Investors

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $10.14, reflecting a -0.98% change from the previous day's closing price, underperforming the S&P 500's gain of 0.36% [1] - Over the past month, shares of SkyWater Technology have decreased by 17.29%, lagging behind the Computer and Technology sector's performance of 0% and the S&P 500's increase of 2.11% [1] Earnings Forecast - The upcoming earnings report for SkyWater Technology is anticipated to show an EPS of -$ 0.07, representing a 250% decline compared to the same quarter last year [2] - Revenue is projected to be $74.1 million, indicating a 6.38% decrease from the corresponding quarter of the previous year [2] Analyst Estimates - Recent changes in analyst estimates for SkyWater Technology reflect current business trends, with positive revisions indicating optimism regarding the company's profitability [3] - The Zacks Rank system, which evaluates these estimate changes, currently ranks SkyWater Technology at 3 (Hold) [5] Industry Context - SkyWater Technology operates within the Electronics - Semiconductors industry, which is part of the Computer and Technology sector [6] - This industry holds a Zacks Industry Rank of 79, placing it in the top 32% of over 250 industries, suggesting a favorable position compared to lower-ranked industries [6]