Analysts Expect Atomera Inc (NASDAQ:ATOM) to Announce -$0.17 EPS
Wall Street brokerages expect Atomera Inc (NASDAQ:ATOM) to announce ($0.17) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Atomera’s earnings. Atomera reported earnings per share of ($0.24) during the same quarter last year, which suggests a positive year over year growth rate of 29.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 5th.
On average, analysts expect that Atomera will report full year earnings of ($0.72) per share for the current fiscal year. For the next year, analysts anticipate that the company will post earnings of ($0.61) per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Atomera.
Atomera (NASDAQ:ATOM) last posted its earnings results on Thursday, April 30th. The technology company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.04). The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.06 million. Atomera had a negative return on equity of 90.22% and a negative net margin of 2,559.35%.
In other news, CEO Scott A. Bibaud sold 6,835 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $8.58, for a total transaction of $58,644.30. Following the transaction, the chief executive officer now owns 295,621 shares in the company, valued at $2,536,428.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 9,765 shares of company stock worth $83,784. 18.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Weybosset Research & Management LLC raised its holdings in shares of Atomera by 13.5% during the first quarter. Weybosset Research & Management LLC now owns 31,545 shares of the technology company’s stock valued at $108,000 after purchasing an additional 3,740 shares during the period. Sigma Planning Corp raised its holdings in shares of Atomera by 17.9% during the first quarter. Sigma Planning Corp now owns 26,300 shares of the technology company’s stock valued at $92,000 after purchasing an additional 4,000 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Atomera by 46.1% during the fourth quarter. Bank of New York Mellon Corp now owns 31,192 shares of the technology company’s stock valued at $96,000 after purchasing an additional 9,849 shares during the period. Sargent Investment Group LLC raised its holdings in shares of Atomera by 54.8% during the first quarter. Sargent Investment Group LLC now owns 79,050 shares of the technology company’s stock valued at $277,000 after purchasing an additional 28,000 shares during the period. Finally, Westside Investment Management Inc. acquired a new position in shares of Atomera during the first quarter valued at about $298,610,000. Hedge funds and other institutional investors own 18.47% of the company’s stock.
ATOM stock traded down $0.63 during midday trading on Tuesday, hitting $8.90. The stock had a trading volume of 486,700 shares, compared to its average volume of 219,590. The firm has a market cap of $188.21 million, a P/E ratio of -10.72 and a beta of 1.56. Atomera has a 1-year low of $2.53 and a 1-year high of $11.25. The business has a fifty day moving average price of $8.62 and a two-hundred day moving average price of $5.18.
Atomera Incorporated engages in developing, commercializing, and licensing proprietary materials, processes, and technologies for the semiconductor industry primarily in Europe and the Asia Pacific. The company's lead technology is Mears Silicon Technology, a thin film of reengineered silicon that can be applied as a transistor channel enhancement to CMOS-type transistors.
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