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

Sequans Communications SA

23/08/2024 13:09

* Sequans Communications SA  SQNS.N  reported a quarterly
adjusted
loss of 9 cents​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of -10 cents.  The lone analyst forecast for the
quarter was for a loss of 11 cents per share. 
    * Revenue rose 5.6% to $9.68 million from a year ago;
analysts
expected $8.10 million. 
    * Sequans Communications SA's reported EPS for the quarter
was a
loss of 1 cent​.
    * The company reported a quarterly loss of $911 thousand.
    * Sequans Communications SA shares had risen by 8.0% this
quarter and lost 80.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 $3.00 
This summary was machine generated from LSEG data August 23 at
12:09 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
 Jun. 30 2024      -0.11          -0.09          Beat
 Mar. 31 2024      -0.15          -0.14          Beat
 Dec. 31 2023      -0.15          -0.23          Missed
 Sep. 30 2023      -0.09          -0.12          Missed