POET Technologies Inc. to Post FY2024 Earnings of ($0.39) Per Share, Zacks Small Cap Forecasts (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) – Zacks Small Cap raised their FY2024 earnings per share (EPS) estimates for POET Technologies in a report issued on Monday, June 10th. Zacks Small Cap analyst L. Thompson now expects that the company will post earnings of ($0.39) per share for the year, up from their previous estimate of ($0.47). The consensus estimate for POET Technologies’ current full-year earnings is ($0.47) per share.

POET Technologies (NASDAQ:POET) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.12) EPS for the quarter. The company had revenue of $0.01 million during the quarter.

POET Technologies Stock Down 0.6 %

Shares of NASDAQ POET opened at $1.75 on Thursday. The stock’s 50 day moving average price is $1.83 and its two-hundred day moving average price is $1.39. POET Technologies has a 52-week low of $0.72 and a 52-week high of $5.88. The stock has a market capitalization of $106.03 million, a P/E ratio of -3.57 and a beta of 0.31.

About POET Technologies

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.