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

Ambarella

28/08/2024 01:21

* Ambarella Inc  AMBA.OQ  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in July, higher than the
same quarter last year, when the company reported EPS of -15
cents.  The mean expectation of fifteen analysts for the quarter
was for a loss of 19 cents per share. Wall Street expected
results to range from -20 cents to -16 cents per share.
    * Revenue rose 2.6% to $63.72 million from a year ago;
analysts
expected $62.10 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 85
cents​.
    * The company reported a quarterly loss of $34.89 million.
    * Ambarella Inc shares had fallen by 5.2% this quarter and
lost 16.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 23.6%
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," 7
"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 August 28 at
12:21 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
 Jul. 31 2024      -0.19          -0.13          Beat
 Apr. 30 2024      -0.31          -0.26          Beat
 Jan. 31 2024      -0.33          -0.24          Beat
 Oct. 31 2023      -0.39          -0.28          Beat