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

Sequans Communications SA

03/05/2023 14:31

* Sequans Communications SA  SQNS.N  reported a quarterly
adjusted
loss of 9 cents​​ per share for the quarter ended in March. The
mean expectation of four analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue fell 14.3% to $11.90 million from a year ago;
analysts
expected $12.03 million. 
    * Sequans Communications SA's reported EPS for the quarter
was a
loss of 10 cents​.
    * The mean earnings estimate of analysts had fallen by
about 107.3% 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 17.5% this
quarter and lost 29.2% so far this year.
    * The company reported a quarterly loss of $5.04 million.
    * Wall Street's median 12-month price target for Sequans
Communications SA is $7.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
3 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.11          -0.09          Beat
 Dec. 31 2022      -0.04          -0.06          Missed
 Sep. 30 2022      -0.02          0.01           Beat
 Jun. 30 2022      -0.08          -0.02          Beat