Sequans Communications SA expected to post a loss of 15 cents a share - Earnings Preview

Sequans Communications SA

07/06/2024 13:36

* Sequans Communications SA  SQNS.N   SQNS.K  is expected
to show
a fall in quarterly revenue when it reports  results on June 10
(estimated) for the period ending January 1 0001
    * The Colombes Ile-de-france-based  company is expected to
report
a 39.5% decrease in revenue to $7.2 million from $11.9 million a
year ago, according to the estimate from one analyst, based on
LSEG data.The company's guidance on March 7 2024, for the period
ended March 31, was for revenue of $7.000 million.
    * ​LSEG's mean analyst estimate for Sequans Communications
SA is
for a loss of 15 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * 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 $3.00​, above​ its last closing price
of $0.64. ​​​

The company's guidance on March 7 2024 for the period ended
March 31 was for gross profit margin of USD60%.
This summary was machine generated June 7 at 12:36 GMT.  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)