SiTime (SITM) Q1 Earnings and Revenues Surpass Estimates

Company Performance - SiTime reported quarterly earnings of $0.26 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and compared to a loss of $0.08 per share a year ago, representing an earnings surprise of 136.36% [1] - The company posted revenues of $60.31 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.67%, and compared to year-ago revenues of $33.02 million [2] - SiTime has surpassed consensus EPS estimates four times over the last four quarters and has topped consensus revenue estimates four times as well [2] Stock Outlook - SiTime shares have declined approximately 23% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The current consensus EPS estimate for the coming quarter is $0.21 on revenues of $57.25 million, and for the current fiscal year, it is $1.50 on revenues of $258.67 million [7] - The estimate revisions trend for SiTime is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Electronics - Miscellaneous Products industry, to which SiTime belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]