Intchains Group Ltd reports results for the quarter ended in March - Earnings Summary

Intchains

16/08/2024 23:42

* Intchains Group Ltd  ICG.OQ  reported a quarterly adjusted
loss
of 2 cents​​ per share for the quarter ended in March.  The lone
analyst forecast for the quarter was for a loss of 2 cents per
share. 
    * Revenue was $3.36 million​; analysts expected $3.36
million. 
    * Intchains Group Ltd shares had fallen by 32.9% this
quarter and
lost 53.6% so far this year.

FORECAST CHANGES
    * 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 1 "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 Intchains Group
Ltd is $11.00 
This summary was machine generated from LSEG data August 16 at
10:41 p.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
 Mar. 31 2024      -0.02          -0.02          Met