Zacks Small Cap Comments on POET Technologies Inc.’s Q3 2024 Earnings (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) – Research analysts at Zacks Small Cap reduced their Q3 2024 EPS estimates for shares of POET Technologies in a research note issued to investors on Monday, October 7th. Zacks Small Cap analyst L. Thompson now anticipates that the company will earn ($0.10) per share for the quarter, down from their previous estimate 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.

POET Technologies (NASDAQ:POET) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05).

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

POET Technologies Stock Down 2.8 %

POET opened at $3.85 on Thursday. The stock has a market cap of $238.52 million, a PE ratio of -7.63 and a beta of 0.30. POET Technologies has a twelve month low of $0.72 and a twelve month high of $5.60. The company has a fifty day moving average of $3.32 and a 200-day moving average of $2.52.

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.