Sequans Communications SA reports results for the quarter ended in December - Earnings Summary

Sequans Communications SA

07/03/2024 14:34

* Sequans Communications SA  SQNS.N  reported a quarterly
adjusted
loss of 23 cents​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of -6 cents.  The lone analyst forecast for the quarter was
for a loss of 15 cents per share. 
    * Revenue fell 70% to $4.77 million from a year ago;
analysts
expected $8.20 million. 
    * Sequans Communications SA's reported EPS for the quarter
was a
loss of 28 cents​.
    * The company reported a quarterly loss of $17.33 million.
    * Sequans Communications SA shares had fallen by 74.5% this
quarter.

FORECAST CHANGES
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * Wall Street's median 12-month price target for Sequans
Communications SA is $3.02 

This summary was machine generated from LSEG data March 7 at
02:33 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      -0.15          -0.23          Missed
 Sep. 30 2023      -0.09          -0.12          Missed
 Jun. 30 2023      -0.12          -0.10          Beat
 Mar. 31 2023      -0.11          -0.09          Beat