Ambarella Inc expected to post a loss of 19 cents a share - Earnings Preview

Ambarella

24/08/2024 24:03

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 27 for the
period ending July 31 2024
    * The Santa Clara California-based  company is expected to
report
a 0.0% decrease in revenue to $62.097 million from $62.12
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on May 30
2024, for the period ended July 31, was for revenue between
$60.00 million and $64.00 million.
    * ​LSEG's mean analyst estimate for Ambarella Inc is for a
loss
of 19 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Ambarella
Inc is
$75.00​, above​ its last closing price of $49.87. ​​​

The company's guidance on May 30 2024 for the period ended July
31 was for gross profit margin between USD62.5% and USD64%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Apr. 30 2024  -0.31       -0.31      -0.26     Beat    16.8
 Jan. 31 2024  -0.33       -0.33      -0.24     Beat    26.7
 Oct. 31 2023  -0.39       -0.39      -0.28     Beat    28.3​
 Jan. 1 0001   -0.22       -0.21      -0.15     Beat    29.1
 ​​Jan.        -0.21       -0.21      -0.15     Beat    27.4
 1 0001                                                 
 Jan. 31 2023  0.15        0.14       0.23      Beat    60.3​
 Jan. 1 0001   0.19        0.20       0.24      Beat    22.4
 Jan. 1 0001   0.20        0.19       0.20      Beat    3.2
 This summary was machine generated August 23 at 23:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)