Peraso Inc reports results for the quarter - Earnings Summary

Peraso

12/11/2024 23:30

* Peraso Inc  PRSO.OQ  reported a quarterly adjusted loss
of 34
cents​​ per share for the quarter , higher than the same quarter
last year, when the company reported EPS of $-1.60.  The mean
expectation of three analysts for the quarter was for a loss
of 23 cents per share. Wall Street expected results to range
from -30 cents to -17 cents per share.
    * Revenue fell 14.3% to $3.84 million from a year ago;
analysts
expected $4.04 million. 
    * Peraso Inc's reported EPS for the quarter was a loss of 98
cents​.
    * The company reported a quarterly loss of $2.71 million.
    * Peraso Inc shares had fallen by 19.4% this quarter and
lost 90.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is  "buy."

Wall Street's median 12-month price target for Peraso Inc is
$3.75 
This summary was machine generated from LSEG data November 12 at
11:30 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
 Sep. 30 2024      -0.23          -0.34          Missed
 Jun. 30 2024      -0.36          -0.88          Missed
 Mar. 31 2024      -1.32          -0.83          Beat
 Dec. 31 2023      -3.76          -8.52          Missed