QuickLogic (QUIK) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - QuickLogic's stock closed at $5.53, down 5.47% from the previous trading session, underperforming the S&P 500's daily loss of 0.1% [1] - Over the past month, QuickLogic shares gained 4.09%, lagging behind the Computer and Technology sector's gain of 5.94% but outperforming the S&P 500's gain of 2.57% [1] Earnings Expectations - QuickLogic is expected to report an EPS of -$0.21, representing a 250% decline from the prior-year quarter [2] - Revenue is anticipated to be $2.1 million, reflecting a 50.82% drop compared to the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict an EPS of -$0.38 and revenue of $15.7 million, indicating shifts of -1050% and -21.94% respectively from the previous year [3] - Changes in analyst estimates for QuickLogic are crucial as they indicate the evolving nature of near-term business trends [3] Zacks Rank and Industry Performance - QuickLogic currently holds a Zacks Rank of 4 (Sell), with the Zacks Consensus EPS estimate remaining steady over the past month [5] - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 193, placing it in the bottom 22% of over 250 industries [6]