Is Trending Stock SkyWater Technology, Inc. (SKYT) a Buy Now?

Core Viewpoint - SkyWater Technology, Inc. (SKYT) has gained significant attention from investors, with a recent stock performance of +21.2% over the past month, outperforming the S&P 500 composite's +9% and the Zacks Electronics - Semiconductors industry's +26.3% [2] Earnings Estimates Revisions - SkyWater Technology is expected to report a loss of $0.08 per share for the current quarter, reflecting a year-over-year change of -500% [5] - The consensus earnings estimate for the current fiscal year is -$0.07, indicating a change of -216.7% from the previous year, with no changes in estimates over the last 30 days [5] - For the next fiscal year, the consensus earnings estimate is $0.23, showing a change of +421.4% from the prior year, with a slight increase of +2.2% in the last month [6] - The Zacks Rank for SkyWater Technology is 1 (Strong Buy), indicating a positive outlook based on earnings estimate revisions [7] Projected Revenue Growth - The consensus sales estimate for the current quarter is $57.3 million, representing a year-over-year decline of -38.6% [11] - For the current fiscal year, the revenue estimate is $307.15 million, indicating a change of -10.3%, while the next fiscal year's estimate of $374.15 million reflects a growth of +21.8% [11] Last Reported Results and Surprise History - In the last reported quarter, SkyWater Technology had revenues of $61.3 million, down -23% year-over-year, with an EPS of -$0.08, unchanged from the previous year [12] - The company reported a revenue surprise of +0.4% compared to the Zacks Consensus Estimate and an EPS surprise of +38.46% [12] - SkyWater Technology has consistently beaten consensus EPS estimates in the last four quarters and topped revenue estimates three times [13] Valuation - SkyWater Technology is graded B on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [17] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is overvalued, fairly valued, or undervalued [15][16]