Sequans Communications SA reports results for the quarter ended in January 1 - Earnings Summary

Sequans Communications SA

06/11/2024 05:02

* Sequans Communications SA  SQNS.N  reported quarterly
adjusted
earnings of $2.91​​ per share for the quarter ended January 1,
higher than the same quarter last year, when the company
reported EPS of -30 cents.  The lone analyst forecast for the
quarter was for a loss of 37 cents per share. 
    * Revenue rose 29.5% to $10.08 million from a year ago;
analysts
expected $4.80 million. 
    * Sequans Communications SA's reported EPS for the quarter
was
$2.61​.
    * The company reported quarterly net income of $72.28
million.
    * Sequans Communications SA shares had fallen by 14.3% this
quarter and lost 64.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 114.3% 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 Sequans
Communications SA is $7.50 
This summary was machine generated from LSEG data November 6 at
05:01 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
 Sep. 30 2024      -0.37          2.91           Beat
 Jun. 30 2024      -0.27          -0.22          Beat
 Mar. 31 2024      -0.37          -0.35          Beat
 Dec. 31 2023      -0.37          -0.57          Missed