Zacks Small Cap Weighs in on POET Technologies Inc.’s Q3 2024 Earnings (CVE:PTK)

POET Technologies Inc. (CVE:PTK) – Research analysts at Zacks Small Cap decreased their Q3 2024 EPS estimates for shares of POET Technologies in a research note issued on Monday, October 7th. Zacks Small Cap analyst L. Thompson now expects that the company will post earnings per share of ($0.14) for the quarter, down from their previous 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 Price Performance

POET Technologies stock opened at C$5.31 on Thursday. The firm has a market capitalization of C$369.58 million, a P/E ratio of -7.48 and a beta of 0.42. POET Technologies has a one year low of C$1.01 and a one year high of C$7.50. The company has a debt-to-equity ratio of 1.63, a current ratio of 6.71 and a quick ratio of 5.08. The business has a fifty day moving average price of C$4.54 and a 200-day moving average price of C$3.45.

POET Technologies (CVE:PTK) last released its quarterly earnings results on Wednesday, August 14th. The company reported C($0.19) earnings per share for the quarter, missing the consensus estimate of C($0.12) by C($0.07).

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. 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.