Ambarella Inc reports results for the quarter ended October 31 - Earnings Summary

Ambarella

27/11/2024 01:02

* Ambarella Inc  AMBA.OQ  reported quarterly adjusted
earnings of
11 cents​​ per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of -28 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 3 cents to 5 cents per share.
    * Revenue rose 63.4% to $82.65 million from a year ago;
analysts
expected $79.02 million. 
    * Ambarella Inc's reported EPS for the quarter was a loss
of 58
cents​.
    * The company reported a quarterly loss of $24.07 million.
    * Ambarella Inc shares had risen by 19.3% this quarter and
gained 9.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2% 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 8 "strong buy" or "buy," 6
"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
$74.00 
This summary was machine generated from LSEG data November 27 at
01:01 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
 Oct. 31 2024      0.03           0.11           Beat
 Jul. 31 2024      -0.19          -0.13          Beat
 Apr. 30 2024      -0.31          -0.26          Beat
 Jan. 31 2024      -0.33          -0.24          Beat