Ambarella Inc expected to post a loss of 31 cents a share - Earnings Preview

Ambarella

29/05/2024 24:02

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 30 for the
period ending April 30 2024
    * The Santa Clara California-based  company is expected to
report
a 13.3% decrease in revenue to $53.875 million from $62.14
million a year ago, according to the mean estimate from 14
analysts, based on LSEG data.The company's guidance on February
27 2024, for the period ended April 30, was for revenue between
$52.00 million and $56.00 million.
    * ​LSEG's mean analyst estimate for Ambarella Inc is for a
loss
of 31 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 8
"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 $50.35. ​​​

The company's guidance on February 27 2024 for the period ended
April 30 was for gross profit margin between USD61.5% and
USD63%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  -0.33       -0.33      -0.24     Beat    26.7
 Oct. 31 2024  -0.39       -0.39      -0.28     Beat    28.3
 Jul. 31 2023  -0.22       -0.21      -0.15     Beat    29.1​
 Apr. 30 2023  -0.21       -0.21      -0.15     Beat    27.4
 ​​Jan.        0.15        0.14       0.23      Beat    60.3
 31 2023                                                
 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. 30 2022  0.37        0.37       0.44      Beat    19.4
 This summary was machine generated May 28 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)