Sequans Communications SA expected to post a loss of 12 cents a share - Earnings Preview

Sequans Communications SA

04/08/2023 19:40

* Sequans Communications SA  SQNS.N   SQNS.K  is expected
to show
a fall in quarterly revenue when it reports  results on August
8. 
    * The Colombes Ile-de-france-based  company is expected to
report 
a 29.6% decrease in revenue to $10 million from $14.2 million a
year ago, according to the mean estimate from 4 analysts, based
on Refinitiv data. The company's guidance on May 3 2023, for the
period ended June 30, was for revenue between $9.00 million and
$11.00 million.
    * ​Refinitiv's mean analyst estimate for Sequans
Communications SA
is for a loss of 12 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Sequans
Communications SA is $6.75​, above​ its last closing price
of $2.10. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin of USD65%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.12       -0.11      -0.09     Beat    21.1
 Dec. 31 2023  -0.04       -0.04      -0.06     Missed  -33.3
 Sep. 30 2022  -0.02       -0.02      0.01      Beat    150​
 Jun. 30 2022  -0.08       -0.08      -0.02     Beat    74.3
 ​​Mar.        -0.12       -0.12      -0.04     Beat    66.9
 31 2022                                                
 Dec. 31 2021  -0.09       -0.09      -0.09     Met     2.6​
 Sep. 30 2021  -0.20       -0.19      -0.14     Beat    24.7
 Jun. 30 2021  -0.18       -0.17      -0.15     Beat    10.2
 This summary was machine generated August 4 at 18:40 GMT.  All
figures in US dollars  unless otherwise stated