Zacks Small Cap Comments on POET Technologies Inc.’s FY2024 Earnings (NASDAQ:POET)

POET Technologies Inc. (NASDAQ:POET) – Analysts at Zacks Small Cap increased their FY2024 EPS 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 post earnings per share of ($0.39) for the year, up from their prior estimate of ($0.47). The consensus estimate for POET Technologies’ current full-year earnings is ($0.47) per share.

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

POET Technologies Trading Up 1.1 %

NASDAQ:POET opened at $1.77 on Thursday. The stock has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $1.40. POET Technologies has a 1 year low of $0.72 and a 1 year high of $5.88. The stock has a market cap of $107.24 million, a price-to-earnings ratio of -3.61 and a beta of 0.31.

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.