QuickLogic (QUIK) Tops Q4 Earnings Estimates

Group 1: Earnings Performance - QuickLogic reported quarterly earnings of $0.04 per share, exceeding the Zacks Consensus Estimate of $0.03 per share, but down from $0.18 per share a year ago [1] - The earnings surprise for this quarter was 33.33%, while the previous quarter saw a surprise of -20% with an actual loss of $0.06 per share against an expected loss of $0.05 [2] - Over the last four quarters, QuickLogic has surpassed consensus EPS estimates two times [2] Group 2: Revenue Analysis - The company posted revenues of $5.71 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.48%, and down from $7.48 million year-over-year [3] - QuickLogic has only topped consensus revenue estimates once over the last four quarters [3] Group 3: Stock Performance and Outlook - QuickLogic shares have declined approximately 38.7% since the beginning of the year, contrasting with the S&P 500's gain of 1.7% [4] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [7] - The current consensus EPS estimate for the upcoming quarter is $0.03 on revenues of $6.4 million, and for the current fiscal year, it is $0.21 on revenues of $27.3 million [8] Group 4: Industry Context - The Electronics - Semiconductors industry, to which QuickLogic belongs, is currently ranked in the bottom 48% of over 250 Zacks industries, suggesting potential challenges ahead [9]