Astera Labs Inc expected to post earnings of 11 cents a share - Earnings Preview

Astera Labs,

03/08/2024 01:11

* Astera Labs Inc  ALAB.OQ   ALAB.O  is expected to report
resultson August 6 for the period ending June 30 2024
    * The Santa Clara California-based  company is expected to
report
revenue of $72.456 million, according to the mean estimate from
9 analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Astera Labs Inc is for
earnings of 11 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Astera Labs
Inc
is $85.00​, above​ its last closing price of $42.38. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.04        0.04       0.27      Beat    575
  2024                                                  
                                                        ​
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 This summary was machine generated August 3 at 00:11 GMT.  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)