Ambarella Inc reports results for the quarter ended in April - Earnings Summary

Ambarella

31/05/2024 01:01

* Ambarella Inc  AMBA.OQ  reported a quarterly adjusted loss
of 26
cents​​ per share for the quarter ended in April, lower than the
same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 31 cents per share. Wall Street expected
results to range from -36 cents to -28 cents per share.
    * Revenue fell 12.3% to $54.47 million from a year ago;
analysts
expected $53.88 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 93
cents​.
    * The company reported a quarterly loss of $37.93 million.
    * Ambarella Inc shares had fallen by 3.2% this quarter and
lost 19.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Ambarella Inc is
$75.00 
This summary was machine generated from LSEG data May 31 at
12:01 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      -0.31          -0.26          Beat
 Jan. 31 2024      -0.33          -0.24          Beat
 Oct. 31 2023      -0.39          -0.28          Beat
 Jul. 31 2023      -0.21          -0.15          Beat