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

Sequans Communications SA

18/06/2024 12:46

* Sequans Communications SA  SQNS.N  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of -9 cents.  The lone analyst forecast for the quarter was
for a loss of 15 cents per share. 
    * Revenue fell 49.4% to $6.03 million from a year ago;
analysts
expected $7.20 million. 
    * Sequans Communications SA's reported EPS for the quarter
was a
loss of 19 cents​.
    * The company reported a quarterly loss of $11.79 million.
    * Sequans Communications SA shares had risen by 35.1% this
quarter and lost 81.6% 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 June 18 at
11:46 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
 Mar. 31 2024      -0.15          -0.14          Beat
 Dec. 31 2023      -0.15          -0.23          Missed
 Sep. 30 2023      -0.09          -0.12          Missed
 Jun. 30 2023      -0.12          -0.10          Beat