Why SkyWater Technology, Inc. (SKYT) Dipped More Than Broader Market Today

Company Performance - SkyWater Technology, Inc. (SKYT) closed at $10.39, reflecting a -1.42% change from the previous day, which is less than the S&P 500's daily loss of 0.43% [1] - Over the past month, shares of SkyWater Technology have decreased by 8.82%, underperforming the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6% [1] Upcoming Earnings - The company's earnings report is scheduled for February 26, 2025, with projected earnings per share (EPS) of -$ 0.07, indicating a 250% decrease from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $74.1 million, down 6.38% from the year-ago period [2] Analyst Estimates - Recent changes in analyst estimates for SkyWater Technology are crucial as they reflect short-term business trends [3] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [3] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown that 1 stocks have delivered an average annual return of +25% since 1988 [5] - Currently, SkyWater Technology holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [5] Industry Context - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 134, placing it in the bottom 47% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]