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

Peraso

14/05/2024 21:08

* Peraso Inc  PRSO.OQ  reported a quarterly adjusted loss
of 83
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$-3.60.  The mean expectation of two analysts for the quarter
was for a loss of $1.32 per share. Wall Street expected
results to range from $-1.39 to $-1.26 per share.
    * Revenue fell 44% to $2.82 million from a year ago;
analysts
expected $2.76 million. 
    * Peraso Inc's reported EPS for the quarter was a loss of
$1.07​.
    * The company reported a quarterly loss of $2.03 million.
    * Peraso Inc shares had fallen by 4.3% this quarter and
lost 86.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 28% 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
$4.00 
This summary was machine generated from LSEG data May 14 at
08:08 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      -1.32          -0.83          Beat
 Dec. 31 2023      -3.76          -8.52          Missed
 Sep. 30 2023      -4.00          -1.60          Beat
 Jun. 30 2023      -3.80          -4.80          Missed