Valens Semiconductor Ltd expected to post a loss of 2 cents a share - Earnings Preview

Valens Semiconductor

06/05/2024 19:36

* Valens Semiconductor Ltd  VLN.N   VLN  is expected to show
a
fall in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The Hod Hasharon Israel-based   company is expected to
report a
53.6% decrease in revenue to $11.071 million from $23.88 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on February 28 2024,
for the period ended March 31, was for revenue between $11.00
million and $11.20 million.
    * ​LSEG's mean analyst estimate for Valens Semiconductor Ltd
is
for a loss of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Valens
Semiconductor Ltd is $4.00​, above​ its last closing price
of $2.41. ​​​

The company's guidance on February 28 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 11 million and -9.1 million
(USD).The company's guidance on February 28 2024 for the period
ended March 31 was for gross profit margin between USD52.2% and
USD53%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.01       -0.01      0.06      Beat    700
 Sep. 30 2023  -0.09       -0.09      -0.08     Beat    11.1
 Jun. 30 2023  -0.06       -0.05      0.00      Beat    100​
 Mar. 31 2023  -0.07       -0.07      -0.03     Beat    57.4
 ​​Dec.        -0.09       -0.11      -0.03     Beat    71.9
 31 2022                                                
 Sep. 30 2022  -0.08       -0.08      -0.02     Beat    74.9​
 Jun. 30 2022  -0.09       -0.09      -0.04     Beat    56.4
 Mar. 31 2022  -0.10       -0.10      -0.02     Beat    80.6
 This summary was machine generated May 6 at 18:36 GMT.  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)