QuickLogic (QUIK) Stock Sinks As Market Gains: Here's Why

Company Performance - QuickLogic's stock was down 4.17% at $6.44, lagging behind the S&P 500's daily gain of 0.07% [1] - Prior to the recent trading session, QuickLogic shares had gained 8.91%, outperforming the Computer and Technology sector's gain of 8.22% and the S&P 500's gain of 5.71% [1] Upcoming Earnings - QuickLogic is expected to report an EPS of -$0.07, which is a 40% decline from the prior-year quarter [2] - The consensus estimate projects revenue of $4 million, reflecting a 3.15% decrease from the same quarter last year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.02 per share and revenue of $22.75 million, indicating changes of -150% and +13.12% respectively from the previous year [3] - Recent changes to analyst estimates for QuickLogic may indicate shifting business trends, with positive alterations suggesting analyst optimism regarding the company's profitability [3] Zacks Rank and Industry Performance - QuickLogic currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [5] - The Electronics - Semiconductors industry, which includes QuickLogic, ranks in the top 26% of all industries, with a current Zacks Industry Rank of 62 [6]