Ambarella Inc expected to post earnings of 15  cents a share - Earnings Preview

Ambarella

25/02/2023 01:52

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 28. 
    * The Santa Clara California-based  company is expected to
report 
a 7.7% decrease in revenue to $83.3 million from $90.23 million
a year ago, according to the mean estimate from 14 analysts,
based on Refinitiv data. The company's guidance on December 1
2022, for the period ended January 31, was for revenue between
$81.00 million and $85.00 million.
    * ​Refinitiv's mean analyst estimate for Ambarella Inc is
for
earnings of 15 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 4
"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
$98​, above​ its last closing price of $91.04. ​​​

The company's guidance on December 1 2022 for the period ended
January 31 was for gross profit margin between USD63% and
USD64%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Jan. 31 2022  0.43        0.42       0.45      Beat    6.2
 ​​Oct.        0.49        0.49       0.57      Beat    17.2
 31 2021                                                
 Jul. 31 2021  0.25        0.25       0.35      Beat    41.5​
 Apr. 30 2021  0.17        0.17       0.23      Beat    32.7
 Jan. 31 2021  0.08        0.08       0.14      Beat    75.3
 This summary was machine generated February 25 at 01:52 GMT. 
All figures in US dollars  unless otherwise stated