FY2024 EPS Estimates for POET Technologies Inc. (NASDAQ:POET) Increased by Analyst

POET Technologies Inc. (NASDAQ:POET) – Investment analysts at Zacks Small Cap increased their FY2024 earnings per share estimates for POET Technologies in a research report issued to clients and investors on Monday, June 10th. Zacks Small Cap analyst L. Thompson now forecasts that the company will earn ($0.39) per share for the year, up from their prior forecast of ($0.47). The consensus estimate for POET Technologies’ current full-year earnings is ($0.39) per share.

POET Technologies Stock Down 4.5 %

POET opened at $1.69 on Thursday. POET Technologies has a 52 week low of $0.72 and a 52 week high of $5.37. The stock’s fifty day moving average is $1.85 and its two-hundred day moving average is $1.40. The company has a market capitalization of $102.40 million, a P/E ratio of -3.45 and a beta of 0.31.

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

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. 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.