Ambarella Inc expected to post a loss of 33 cents a share - Earnings Preview

Ambarella

24/02/2024 24:55

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 27 for
the period ending January 31 2024
    * The Santa Clara California-based  company is expected to
report
a 38.1% decrease in revenue to $51.555 million from $83.32
million a year ago, according to the mean estimate from 13
analysts, based on LSEG data.The company's guidance on November
30 2023, for the period ended January 31, was for revenue
between $50.00 million and $53.00 million.
    * ​LSEG's mean analyst estimate for Ambarella Inc is for a
loss
of 33 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 had fallen by
about 0.5%
in the last three months. ​
    * Wall Street's median 12-month price target for Ambarella
Inc is
$70.00​, above​ its last closing price of $55.26. ​​​

The company's guidance on November 30 2023 for the period ended
January 31 was for gross profit margin between USD62% 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  
 Oct. 31 2023  -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. 31 2023  0.15        0.14       0.23      Beat    60.3
 ​​Oct.        0.19        0.20       0.24      Beat    22.4
 31 2022                                                
 Jul. 31 2022  0.20        0.19       0.20      Beat    3.2​
 Apr. 30 2022  0.37        0.37       0.44      Beat    19.4
 Jan. 31 2022  0.43        0.42       0.45      Beat    6.2
 This summary was machine generated February 24 at 00:55 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)