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

Ambarella

28/02/2024 03:22

* Ambarella Inc  AMBA.OQ  reported a quarterly adjusted loss
of 24
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 23
cents.  The mean expectation of seventeen analysts for the
quarter was for a loss of 33 cents per share. Wall Street
expected results to range from -33 cents to -31 cents per share.
    * Revenue fell 38.1% to $51.62 million from a year ago;
analysts
expected $51.55 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss of
$1.50​.
    * The company reported a quarterly loss of $60.61 million.
    * Ambarella Inc shares had fallen by 7.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.8%
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
$70.00 
This summary was machine generated from LSEG data February 28 at
03:22 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
 Jan. 31 2024      -0.33          -0.24          Beat
 Oct. 31 2023      -0.39          -0.28          Beat
 Jul. 31 2023      -0.21          -0.15          Beat
 Apr. 30 2023      -0.21          -0.15          Beat