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QuickLogic (QUIK) Laps the Stock Market: Here's Why
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In the latest market close, QuickLogic (QUIK - Free Report) reached $9.69, with a +1.79% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.93%.
Coming into today, shares of the maker of chips for mobile and portable electronics manufacturers had gained 14.7% in the past month. In that same time, the Computer and Technology sector lost 0.22%, while the S&P 500 lost 2.29%.
The investment community will be closely monitoring the performance of QuickLogic in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.14, reflecting a 300% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.5 million, reflecting an 87.86% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.05 per share and revenue of $21.3 million. These totals would mark changes of +127.78% and +31.64%, respectively, from last year.
Any recent changes to analyst estimates for QuickLogic should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. QuickLogic is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that QuickLogic has a Forward P/E ratio of 190.4 right now. For comparison, its industry has an average Forward P/E of 24.56, which means QuickLogic is trading at a premium to the group.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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QuickLogic (QUIK) Laps the Stock Market: Here's Why
In the latest market close, QuickLogic (QUIK - Free Report) reached $9.69, with a +1.79% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.73%. On the other hand, the Dow registered a gain of 0.62%, and the technology-centric Nasdaq increased by 0.93%.
Coming into today, shares of the maker of chips for mobile and portable electronics manufacturers had gained 14.7% in the past month. In that same time, the Computer and Technology sector lost 0.22%, while the S&P 500 lost 2.29%.
The investment community will be closely monitoring the performance of QuickLogic in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $0.14, reflecting a 300% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $6.5 million, reflecting an 87.86% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.05 per share and revenue of $21.3 million. These totals would mark changes of +127.78% and +31.64%, respectively, from last year.
Any recent changes to analyst estimates for QuickLogic should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. QuickLogic is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that QuickLogic has a Forward P/E ratio of 190.4 right now. For comparison, its industry has an average Forward P/E of 24.56, which means QuickLogic is trading at a premium to the group.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 152, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.