QuickLogic Shares Drop 1.36% Ahead of Q4 Earnings Forecast
QuickLogic shares slid 1.36% to $8.00, underperforming the S&P 500’s 1.04% drop and the tech-heavy Nasdaq’s 1.13% decline. Investors brace for March 3 earnings projected at -$0.11 EPS (down 375% y/y) on $3.5 M revenue (-38.6%), with full-year forecasts of -$0.48 EPS and $13.6 M sales.
1. Share Performance
QuickLogic closed at $8.00, down 1.36% from the prior session’s close, trailing the S&P 500’s 1.04% drop, the Dow’s 1.66% decline and the Nasdaq’s 1.13% fall. In the days leading up to this move, shares had lost 4.92% while the Computer and Technology sector gained 0.34% and the S&P 500 rose 1.75%.
2. Q4 Earnings Projections
The company is scheduled to report fourth-quarter results on March 3, with consensus forecasts calling for a loss of $0.11 per share, representing a 375% year-over-year decline, and revenue of $3.5 million, down 38.6% from the same period last year.
3. Annual Forecast and Valuation
For the full fiscal year, earnings are expected at -$0.48 per share, a 1300% drop, on revenue of $13.6 million, down 32.4% year-over-year. QuickLogic’s forward price-to-earnings ratio stands at 162.2, significantly above the industry average of 39.32.
4. Zacks Ranking and Outlook
Consensus EPS estimates have remained unchanged over the past 30 days, positioning QuickLogic with a Zacks Rank of #3 (Hold). Investors will watch for any estimate revisions and the upcoming earnings release for signs of potential momentum or risk.