Astera Labs Inc reports results for the quarter ended in September 30 - Earnings Summary

Astera Labs,

05/11/2024 08:00

* Astera Labs Inc  ALAB.OQ  reported quarterly adjusted
earnings
of 23 cents​​ per share for the quarter ended September 30.  The
mean expectation of eleven analysts for the quarter was
for earnings of 17 cents per share. Wall Street expected
results to range from 16 cents to 19 cents per share.
    * Revenue was $113.09 million​; analysts expected $97.44
million. 
    * Astera Labs Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The company reported a quarterly loss of $7.59 million.
    * Astera Labs Inc shares had risen by 32.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 28.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"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 $87.00 
This summary was machine generated from LSEG data November 5 at
07:59 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
 Sep. 30 2024      0.17           0.23           Beat
 Jun. 30 2024      0.11           0.13           Beat
 Mar. 31 2024      0.04           0.27           Beat