A Glimpse of QuickLogic's Earnings Potential

QuickLogic (NASDAQ:QUIK) is set to give its latest quarterly earnings report on Monday, 2024-11-11. Here's what investors need to know before the announcement.

Analysts estimate that QuickLogic will report an earnings per share (EPS) of $-0.05.

Anticipation surrounds QuickLogic's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.05, leading to a 12.74% drop in the share price on the subsequent day.

Market Performance of QuickLogic's Stock

Shares of QuickLogic were trading at $8.07 as of November 07. Over the last 52-week period, shares are down 18.13%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Insights Shared by Analysts on QuickLogic

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on QuickLogic.

With 2 analyst ratings, QuickLogic has a consensus rating of Buy. The average one-year price target is $12.5, indicating a potential ...