Research Analysts Set Expectations for POET FY2029 Earnings

Key Points

• Zacks Research projects POET Technologies will earn $0.43 per share in FY2029, compared with the current full-year consensus estimate of a $0.28 loss per share.
• POET’s latest quarterly results matched expectations with an adjusted loss of $0.07 per share, while revenue of $0.57 million exceeded the $0.50 million estimate. The company continues to report substantial negative profitability metrics.
• Analyst sentiment remains weak: POET has a consensus “Sell” rating and an average price target of $8.00, while the stock recently opened at $7.10 and institutional investors own 1.99% of shares.

POET Technologies Inc. (NASDAQ:POET - Free Report) - Research analysts at Zacks Research issued their FY2029 earnings estimates for shares of POET Technologies in a research note issued to investors on Wednesday, August 26th. Zacks Research analyst L. Thompson expects that the company will earn $0.43 per share for the year. The consensus estimate for POET Technologies' current full-year earnings is ($0.28) per share.

POET Technologies (NASDAQ:POET - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). The company had revenue of $0.57 million for the quarter, compared to analyst estimates of $0.50 million. POET Technologies had a negative net margin of 4,423.13% and a negative return on equity of 11.65%. During the same period in the previous year, the business posted ($0.21) earnings per share.

A number of other equities research analysts have also weighed in on POET. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of POET Technologies in a report on Friday, July 17th. Wall Street Zen raised POET Technologies from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell" and an average price target of $8.00.

POET Technologies Stock Performance

Shares of POET opened at $7.10 on Wednesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -12.24 and a beta of 0.83. POET Technologies has a 1 year low of $3.87 and a 1 year high of $20.81. The company's fifty day moving average is $8.32 and its two-hundred day moving average is $8.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new position in shares of POET Technologies during the third quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of POET Technologies during the fourth quarter worth $29,000. PNC Financial Services Group Inc. purchased a new stake in shares of POET Technologies in the first quarter valued at $59,000. Shelton Wealth Management LLC acquired a new position in POET Technologies in the first quarter valued at $59,000. Finally, Coldstream Capital Management Inc. purchased a new position in POET Technologies during the third quarter worth about $55,000. 1.99% of the stock is currently owned by hedge funds and other institutional investors.

About POET Technologies

POET Technologies Inc is a Canadian fabless semiconductor company focused on the development and commercialization of integrated silicon photonics platforms. Leveraging proprietary POET Optical Interposer™ technology, the company designs and manufactures optical input/output (I/O) solutions that enable high-bandwidth, low-power data transmission between electronic chips and fiber-optic networks. By integrating optical waveguides, lasers, detectors and electronic drivers onto a single chip, POET aims to address the growing demand for faster, more energy-efficient data connectivity in telecommunications, data centers and high-performance computing applications.

The company’s core products include silicon photonics interposer arrays, active optical cables and optical transceiver modules.

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