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QuickLogic (QUIK) Outpaces Stock Market Gains: What You Should Know
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QuickLogic (QUIK - Free Report) closed the most recent trading day at $8.92, moving +0.11% from the previous trading session. This change outpaced the S&P 500's 0.03% gain on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, lost 1.37%.
Prior to today's trading, shares of the maker of chips for mobile and portable electronics manufacturers had gained 19.76% over the past month. This has outpaced the Computer and Technology sector's gain of 1.16% and the S&P 500's gain of 3.43% in that time.
Investors will be hoping for strength from QuickLogic as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5 million, up 10.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.01 per share and revenue of $21 million. These totals would mark changes of +94.44% and +29.79%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for QuickLogic. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. QuickLogic is currently sporting a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 123, putting it in the top 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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QuickLogic (QUIK) Outpaces Stock Market Gains: What You Should Know
QuickLogic (QUIK - Free Report) closed the most recent trading day at $8.92, moving +0.11% from the previous trading session. This change outpaced the S&P 500's 0.03% gain on the day. Meanwhile, the Dow gained 0.01%, and the Nasdaq, a tech-heavy index, lost 1.37%.
Prior to today's trading, shares of the maker of chips for mobile and portable electronics manufacturers had gained 19.76% over the past month. This has outpaced the Computer and Technology sector's gain of 1.16% and the S&P 500's gain of 3.43% in that time.
Investors will be hoping for strength from QuickLogic as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5 million, up 10.13% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.01 per share and revenue of $21 million. These totals would mark changes of +94.44% and +29.79%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for QuickLogic. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. QuickLogic is currently sporting a Zacks Rank of #3 (Hold).
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 123, putting it in the top 49% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.