Ambarella Inc expected to post earnings of 3 cents a share - Earnings Preview

Ambarella

25/11/2024 24:02

* Ambarella Inc  AMBA.OQ   AMBA.O  is expected to show a
rise in
quarterly revenue when it reports  results on November 27 for
the period ending October 31 2024
    * The Santa Clara California-based  company is expected to
report
a 56.2% increase in revenue to $79.025 million from $50.6
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on August 27
2024, for the period ended October 31, was for revenue between
$77.00 million and $81.00 million.
    * ​LSEG's mean analyst estimate for Ambarella Inc is for
earnings
of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 6
"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
$74.00​, above​ its last closing price of $63.62. ​​​

The company's guidance on August 27 2024 for the period ended
October 31 was for gross profit margin between USD62.5% 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 2024  -0.19       -0.19      -0.13     Beat    32.3
 Apr. 30 2024  -0.31       -0.31      -0.26     Beat    16.8
 Jan. 31 2024  -0.33       -0.33      -0.24     Beat    26.7​
 Oct. 31 2023  -0.39       -0.39      -0.28     Beat    28.3
 ​​Jul.        -0.22       -0.21      -0.15     Beat    29.1
 31 2023                                                
 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
 This summary was machine generated November 25 at 00:02 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)