Q3 2024 EPS Estimates for POET Technologies Inc. (NASDAQ:POET) Lowered by Zacks Small Cap

POET Technologies Inc. (NASDAQ:POET - Free Report) - Investment analysts at Zacks Small Cap cut their Q3 2024 earnings estimates for shares of POET Technologies in a report issued on Monday, October 7th. Zacks Small Cap analyst L. Thompson now expects that the company will post earnings per share of ($0.10) for the quarter, down from their prior forecast of ($0.08). The consensus estimate for POET Technologies' current full-year earnings is ($0.39) per share. Zacks Small Cap also issued estimates for POET Technologies' Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.45) EPS, FY2025 earnings at ($0.39) EPS and FY2026 earnings at ($0.05) EPS.

Separately, Craig Hallum boosted their target price on POET Technologies from $3.00 to $3.50 and gave the company a "buy" rating in a report on Thursday, September 12th.

POET Technologies Stock Down 2.8 %

POET Technologies stock traded down $0.11 during midday trading on Thursday, reaching $3.85. The company's stock had a trading volume of 1,532,622 shares, compared to its average volume of 952,939. The business has a 50-day simple moving average of $3.32 and a 200-day simple moving average of $2.52. The company has a market cap of $238.52 million, a P/E ratio of -7.63 and a beta of 0.30. POET Technologies has a fifty-two week low of $0.72 and a fifty-two week high of $5.60.

POET Technologies (NASDAQ:POET - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05).

POET Technologies Company Profile

POET Technologies Inc designs, develops, manufactures, and sells discrete and integrated opto-electronic solutions in Canada, the United States, Singapore, and China. It 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.