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

Sequans Communications SA

03/05/2022 14:33

* Sequans Communications SA  SQNS.N  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in March. The
mean expectation of five analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue rose 12.7% to $13.89 million from a year ago; 
analysts
expected $13.82 million. 
    * Sequans Communications SA's reported EPS for the quarter
was 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 27.7%
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 fallen by 18.4% this
quarter and lost 47.7% so far this year.
    * The company reported quarterly net income of $2.02
million.
    * Wall Street's median 12-month price target for Sequans
Communications SA is $8.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 3 at 01:33 p.m.  ​All
figures in US dollars unless otherwise stated