## QuickLogic (QUIK) Earnings Preview: What to Expect on November 11th
The semiconductor industry is eagerly awaiting QuickLogic’s (QUIK) upcoming earnings report, scheduled for Monday, November 11th, 2024. This announcement carries significant weight for investors, who will be looking for insights into the company’s recent performance and future prospects.
What Analysts Are Predicting
Analysts are predicting that QuickLogic will report an earnings per share (EPS) of -$0.05 for the quarter. While this is a loss, investors are likely to focus on the company’s guidance for the upcoming quarter, which could signal future growth and profitability.
Looking Back at Past Performance
In the previous quarter, QuickLogic missed EPS estimates by $0.05, leading to a 12.74% drop in the share price the following day. This highlights the importance of guidance and how investor sentiment can be significantly influenced by expectations for future performance.
Market Sentiment and Share Performance
As of November 7th, QuickLogic’s shares were trading at $8.07. Over the past year, the stock has seen a decline of 18.13%. This negative trend might make long-term shareholders cautious going into this earnings release.
Understanding Analyst Insights
To gain a comprehensive view of market sentiment and expectations surrounding QuickLogic, it’s crucial to analyze the insights of industry analysts. Currently, QuickLogic has a consensus rating of “Buy” from 2 analysts. The average one-year price target is $12.50, indicating a potential 54.89% upside. This positive outlook suggests that analysts are optimistic about the company’s long-term growth potential.
Peer Comparisons: A Closer Look
Comparing QuickLogic’s performance to its peers can provide further insights into its market position and relative strengths. We’ll analyze Kopin and Everspin Technologies, two major players in the industry:
*
Kopin:
Analysts have assigned a “Buy” consensus rating to Kopin with an average one-year price target of $3.00. This implies a potential 62.83% downside.*
Everspin Technologies:
Analysts maintain a “Buy” rating for Everspin Technologies with an average one-year price target of $8.00, suggesting a potential 0.87% downside.Key Findings: Peer Analysis Summary
| Company | Consensus Rating | Revenue Growth | Gross Profit | Return on Equity |
|—|—|—|—|—|
| QuickLogic | Buy | 41.29% | $2.10M | -7.04% |
| Kopin | Buy | 17.94% | $3.65M | -250.74% |
| Everspin Technologies | Buy | -26.56% | $5.95M | 3.96% |
This comparison reveals that QuickLogic ranks highest in Revenue Growth among its peers. However, it has the lowest Gross Profit margin, and its Return on Equity is negative, indicating lower profitability compared to its competitors.
Discovering QuickLogic: A Deeper Dive
QuickLogic Corp specializes in providing programmable silicon and software platforms that empower its customers to develop custom hardware products quickly and cost-effectively. As a fabless semiconductor company, QuickLogic offers a diverse range of products, including:
* Embedded FPGA (eFPGA) intellectual property (IP)
* Low power, multi-core semiconductor system-on-chips (SoCs)
* Discrete FPGAs
* AI software
These platforms, software tools, and eFPGA IP make it easier for companies across industries like Aerospace & Defense, Consumer/Industrial IoT, and Consumer Electronics to integrate AI, voice, and sensor processing into their products.
Financial Insights: A Closer Look
Here’s a breakdown of QuickLogic’s key financial metrics:
*
Market Capitalization:
Positioned above the industry average, QuickLogic’s market capitalization underscores its substantial size and strong market presence.*
Revenue Growth:
Over the last three months, QuickLogic achieved a revenue growth rate of 41.29%, as of June 30, 2024. This significant increase reflects a positive trajectory in the company’s top-line earnings. However, compared to its peers in the Information Technology sector, QuickLogic’s growth rate is lower than the average.*
Net Margin:
QuickLogic boasts an impressive net margin that surpasses industry averages. With a net margin of -37.56%, the company demonstrates strong profitability and effective cost management.*
Return on Equity (ROE):
QuickLogic’s ROE outperforms industry standards, showcasing the company’s exceptional financial performance. An impressive -7.04% ROE indicates that QuickLogic effectively utilizes shareholder equity capital.*
Return on Assets (ROA):
QuickLogic’s ROA exceeds industry benchmarks at -3.12%. This signifies efficient asset management and strong financial health.*
Debt Management:
QuickLogic’s debt-to-equity ratio is below the industry average at 1.01, demonstrating a lower reliance on debt financing and a more conservative financial approach.Conclusion
QuickLogic’s upcoming earnings report on November 11th holds significant interest for investors. While analysts predict a loss, the focus will likely be on the company’s guidance for the next quarter. Understanding QuickLogic’s past performance, analyst insights, and peer comparisons can help investors make informed decisions based on the upcoming earnings announcement. To stay updated on all of QuickLogic’s earnings releases, visit their earnings calendar on our site.
