Ambarella Inc expected to post earnings of 20cents a share - Earnings Preview

Ambarella

29/11/2022 21:28

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
fall in
quarterly revenue when it reports  results on December 1. 
    * The Santa Clara California-based  company is expected to
report 
a 9.9% decrease in revenue to $83.023 million from $92.17
million a year ago, according to the mean estimate from 15
analysts, based on Refinitiv data. The company's guidance on
August 30 2022, for the period ended October 31, was for revenue
between $81.00 million and $85.00 million.
    * ​Refinitiv's mean analyst estimate for Ambarella Inc is
for
earnings of 20 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
$100​, above​ its last closing price of $70.73. ​​​

The company's guidance on August 30 2022 for the period ended
October 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  
 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. 31 2021  0.49        0.49       0.57      Beat    17.2
 ​​Jul.        0.25        0.25       0.35      Beat    41.5
 31 2021                                                
 Apr. 30 2021  0.17        0.17       0.23      Beat    32.7​
 Jan. 31 2021  0.08        0.08       0.14      Beat    75.3
 Oct. 31 2020  0.06        0.05       0.09      Beat    67.3
 This summary was machine generated November 29 at 21:28 GMT. 
All figures in US dollars  unless otherwise stated