Astera Labs Inc reports results for the quarter ended in June - Earnings Summary

Astera Labs,

07/08/2024 01:39

* Astera Labs Inc  ALAB.OQ  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in June.  The mean
expectation of eleven analysts for the quarter was for earnings
of 11 cents per share. 
    * Revenue was $76.85 million​; analysts expected $72.46
million. 
    * Astera Labs Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $7.55 million.
    * Astera Labs Inc shares had fallen by 27.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 9% 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 10 "strong buy" or "buy," 1
"hold" and no "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 Astera Labs Inc
is $85.00 
This summary was machine generated from LSEG data August 7 at
12:39 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
 Jun. 30 2024      0.11           0.13           Beat
 Mar. 31 2024      0.04           0.27           Beat