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.

Get POET Technologies alerts:

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.

Get Our Latest Analysis on POET Technologies

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).

Ad Crypto 101 Media

Next opportunity for crypto millions

According to Steven Lubka, head of a private equity firm with over $250M in assets under management, "Bitcoin is poised to reach six-figures, no matter who wins the U.S. presidential election…" And as Bitcoin rallies, we could see other smaller coins rise to heights never seen before. Coins that you may not have even heard of before could shoot up 10x, 20x, maybe even 150x in the coming months…

Just click here to request my "Bull Run Millionaire Blueprint" now.

POET Technologies Company Profile

(Get Free Report)

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.

Featured Stories

→ Next opportunity for crypto millions (From Crypto 101 Media) (Ad)

Should you invest $1,000 in POET Technologies right now?

Before you consider POET Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POET Technologies wasn't on the list.

While POET Technologies currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report