Ambarella Inc expected to post a loss of 21 cents a share - Earnings Preview

Ambarella

26/08/2023 24:02

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 29. 
    * The Santa Clara California-based  company is expected to
report 
a 23.3% decrease in revenue to $62.047 million from $80.88
million a year ago, according to the mean estimate from 14
analysts, based on Refinitiv data. The company's guidance on May
30 2023, for the period ended July 31, was for revenue between
$60.00 million and $64.00 million.
    * ​Refinitiv's mean analyst estimate for Ambarella Inc is
for a
loss of 21 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 6
"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
$90.5​, above​ its last closing price of $70.08. ​​​

The company's guidance on May 30 2023 for the period ended July
31 was for gross profit margin between USD62.5% and USD64.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Apr. 30 2023  -0.21       -0.21      -0.15     Beat    27.4
 Jan. 31 2023  0.15        0.14       0.23      Beat    60.3
 Oct. 31 2022  0.19        0.20       0.24      Beat    22.4​
 Jul. 31 2022  0.20        0.19       0.20      Beat    3.2
 ​​Apr.        0.37        0.37       0.44      Beat    19.4
 30 2022                                                
 Jan. 31 2022  0.43        0.42       0.45      Beat    6.2​
 Oct. 31 2021  0.49        0.49       0.57      Beat    17.2
 Jul. 31 2021  0.25        0.25       0.35      Beat    41.5
 This summary was machine generated August 25 at 23:02 GMT.  All
figures in US dollars  unless otherwise stated