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

Peraso

13/08/2024 02:21

* Peraso Inc  PRSO.OQ  reported a quarterly adjusted loss
of 88
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of
$-4.80.  The mean expectation of three analysts for the quarter
was for a loss of 36 cents per share. Wall Street expected
results to range from -44 cents to -29 cents per share.
    * Revenue rose 71% to $4.11 million from a year ago;
analysts
expected $4.12 million. 
    * Peraso Inc's reported EPS for the quarter was a loss of
$1.88​.
    * The company reported a quarterly loss of $4.43 million.
    * Peraso Inc shares had fallen by 12.1% this quarter and
lost 89.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.7%
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
"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
$4.00 
This summary was machine generated from LSEG data August 13 at
01:20 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
 Jan. 1 0001       -0.36          -0.88          Missed
 Mar. 31 2024      -1.32          -0.83          Beat
 Dec. 31 2023      -3.76          -8.52          Missed
 Sep. 30 2023      -4.00          -1.60          Beat