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

Ambarella

01/12/2022 22:54

* Ambarella Inc  AMBA.OQ  reported quarterly adjusted
earnings of
24 cents​​ per share for the quarter ended in October. The mean
expectation of sixteen analysts for the quarter was for earnings
of 20 cents per share.
    * Revenue fell 9.8% to $83.10 million from a year ago;
analysts
expected $83.02 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 51
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ambarella Inc shares had risen by 32.1% this quarter and
lost 63.4% so far this year.
    * The company reported a quarterly loss of $19.81 million.
    * Wall Street's median 12-month price target for Ambarella
Inc is
$100.00 
    * 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." 

This summary was machine generated from Refinitiv data December
1 at 10:54 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2022      0.20           0.24           Beat
 Jul. 31 2022      0.19           0.20           Beat
 Apr. 30 2022      0.37           0.44           Beat
 Jan. 31 2022      0.42           0.45           Beat