Peraso Inc reports results for the quarter ended in December - Earnings Summary

Peraso

18/03/2024 22:45

* Peraso Inc  PRSO.OQ  reported a quarterly adjusted loss of
$8.52​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$-5.20.  The mean expectation of two analysts for the quarter
was for a loss of $3.76 per share. Wall Street expected
results to range from $-4.11 to $-3.41 per share.
    * Revenue fell 52.9% to $1.83 million from a year ago;
analysts
expected $1.70 million. 
    * Peraso Inc's reported EPS for the quarter was a loss of
$12.48​.
    * The company reported a quarterly loss of $8.94 million.
    * Peraso Inc shares had fallen by 85.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 44.6%
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 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 Peraso Inc is
$10.50 
This summary was machine generated from LSEG data March 18 at
10:44 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
 Dec. 31 2023      -3.76          -8.52          Missed
 Sep. 30 2023      -4.00          -1.60          Beat
 Jun. 30 2023      -3.80          -4.80          Missed
 Mar. 31 2023      -4.00          -3.60          Beat