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

Sequans Communications SA

08/08/2023 14:32

* Sequans Communications SA  SQNS.N  reported a quarterly
adjusted
loss of 10 cents​​ per share for the quarter ended in June. The
mean expectation of four analysts for the quarter was for a loss
of 12 cents per share.
    * Revenue fell 35.5% to $9.16 million from a year ago;
analysts
expected $10.00 million. 
    * Sequans Communications SA's reported EPS for the quarter
was a
loss of 16 cents​.
    * 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. 
    * Sequans Communications SA shares had risen by 25.1% this
quarter and lost 16.0% so far this year.
    * The company reported a quarterly loss of $9.12 million.
    * Wall Street's median 12-month price target for Sequans
Communications SA is $3.02 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.12          -0.10          Beat
 Mar. 31 2023      -0.11          -0.09          Beat
 Dec. 31 2022      -0.04          -0.06          Missed
 Sep. 30 2022      -0.02          0.01           Beat