POET Technologies Inc. (CVE:PTK - Free Report) - Research analysts at Zacks Small Cap cut their Q3 2024 EPS estimates for POET Technologies in a note issued to investors on Monday, October 7th. Zacks Small Cap analyst L. Thompson now anticipates that the company will earn ($0.14) per share for the quarter, down from their prior forecast of ($0.11). The consensus estimate for POET Technologies' current full-year earnings is ($0.80) per share. Zacks Small Cap also issued estimates for POET Technologies' Q4 2024 earnings at ($0.12) EPS, FY2024 earnings at ($0.61) EPS, FY2025 earnings at ($0.53) EPS and FY2026 earnings at ($0.07) EPS.
POET Technologies Stock Down 2.2 %
Shares of PTK stock traded down C$0.12 during mid-day trading on Thursday, hitting C$5.31. The company's stock had a trading volume of 159,872 shares, compared to its average volume of 123,703. The company has a debt-to-equity ratio of 1.63, a quick ratio of 5.08 and a current ratio of 6.71. POET Technologies has a 52-week low of C$1.01 and a 52-week high of C$7.50. The stock has a market cap of C$369.58 million, a price-to-earnings ratio of -7.45 and a beta of 0.42. The business has a 50-day moving average price of C$4.51 and a 200 day moving average price of C$3.44.
POET Technologies (CVE:PTK - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported C($0.19) earnings per share for the quarter, missing analysts' consensus estimates of C($0.12) by C($0.07).
About POET Technologies
(
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POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. The company offers integration solutions based on the POET Optical Interposer, a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques.
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