Ambarella Inc expected to post a loss of 39 cents a share - Earnings Preview

Ambarella

29/11/2023 24:03

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results  for the period
ending July 31 2023
    * The Santa Clara California-based  company is expected to
report
a 39.8% decrease in revenue to $50.006 million from $83.1
million a year ago, according to the mean estimate from 15
analysts, based on LSEG data.The company's guidance on October
18 2023, for the period ended October 31, was for revenue
between $48.00 million and $52.00 million.
    * ​LSEG's mean analyst estimate for Ambarella Inc is for a
loss
of 39 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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
$70.00​, above​ its last closing price of $55.24. ​​​

The company's guidance on October 18 2023 for the period ended
October 31 was for gross profit margin between USD62% 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  
 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. 31 2022  0.19        0.20       0.24      Beat    22.4
 ​​Jul.        0.20        0.19       0.20      Beat    3.2
 31 2022                                                
 Apr. 30 2022  0.37        0.37       0.44      Beat    19.4​
 Jan. 31 2022  0.43        0.42       0.45      Beat    6.2
 Oct. 31 2021  0.49        0.49       0.57      Beat    17.2
 This summary was machine generated November 29 at 00:02 GMT. 
All figures in US dollars unless otherwise stated