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

Ambarella

01/12/2023 01:01

* Ambarella Inc  AMBA.OQ  reported a quarterly adjusted loss
of 28
cents​​ per share for the quarter ended in October, lower than
the same quarter last year, when the company reported EPS of 24
cents.  The mean expectation of sixteen analysts for the quarter
was for a loss of 39 cents per share. Wall Street expected
results to range from -41 cents to -36 cents per share.
    * Revenue fell 39.1% to $50.60 million from a year ago;
analysts
expected $50.01 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss of
$1.04​.
    * The company reported a quarterly loss of $41.71 million.
    * Ambarella Inc shares had risen by 8.1% this quarter and
lost 30.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Ambarella
Inc is
$70.00 

This summary was machine generated from LSEG data December 1 at
01:00 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Oct. 31 2023      -0.39          -0.28          Beat
 Jul. 31 2023      -0.21          -0.15          Beat
 Apr. 30 2023      -0.21          -0.15          Beat
 Jan. 31 2023      0.14           0.23           Beat