QuickLogic (QUIK) Flat As Market Sinks: What You Should Know

Company Performance - QuickLogic's stock closed at 4.62, showing no change from the previous day, while outperforming the S&P 500, which fell by 5.98% [1] - Over the last month, QuickLogic's shares decreased by 25.12%, compared to a 10.81% loss in the Computer and Technology sector and a 7.66% loss in the S&P 500 [1] Upcoming Earnings - QuickLogic is expected to report an EPS of -0.08, reflecting a decline of 172.73% from the same quarter last year [2] - Revenue is projected to be $4 million, indicating a decrease of 33.44$0.16 per share, representing a 300% increase from last year, with revenue expected at $24.37 million, a rise of 21.15% [3] Analyst Estimates - Recent changes to analyst estimates for QuickLogic are crucial as they often reflect short-term business dynamics, with positive revisions indicating a favorable business outlook [3][4] Zacks Rank - QuickLogic currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining unchanged over the past 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5] Valuation Metrics - QuickLogic has a Forward P/E ratio of 29.81, which is a premium compared to the industry average Forward P/E of 20.27 [6] - The Electronics - Semiconductors industry ranks in the top 19% of all industries, with a current Zacks Industry Rank of 47 [6]