QuickLogic (QUIK) Exceeds Market Returns: Some Facts to Consider

Company Performance - QuickLogic's stock closed at $6.06, reflecting a gain of 2.54% from the previous trading session, outperforming the S&P 500's daily gain of 0.41% [1] - Over the last month, QuickLogic's shares have increased by 15.2%, significantly surpassing the Computer and Technology sector's gain of 7.63% and the S&P 500's gain of 3.15% [1] Upcoming Financial Results - QuickLogic's upcoming EPS is projected at -$0.21, indicating a 250.00% decline compared to the same quarter of the previous year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $2.1 million, down 50.82% from the year-ago period [2] Full-Year Estimates - The full-year Zacks Consensus Estimates for QuickLogic are calling for earnings of -$0.38 per share and revenue of $15.7 million, representing year-over-year changes of -1050% and -21.94%, respectively [3] - Recent changes to analyst estimates for QuickLogic reflect shifting dynamics in short-term business patterns, with positive revisions indicating analyst optimism about the business and profitability [3] Industry Ranking - The Electronics - Semiconductors industry, which includes QuickLogic, currently has a Zacks Industry Rank of 174, placing it in the bottom 30% of all industries [6] - The Zacks Industry Rank measures the strength of industry groups by assessing the average Zacks Rank of individual stocks, with research indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]