Valens Semiconductor Ltd expected to post a loss of 6 cents a share - Earnings Preview

Valens Semiconductor

05/08/2024 15:58

* Valens Semiconductor Ltd  VLN.N   VLN  is expected to show
a
fall in quarterly revenue when it reports  results on August 7
for the period ending June 30 2024
    * The Hod Hasharon Israel-based   company is expected to
report a
47.4% decrease in revenue to $12.713 million from $24.18 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.The company's guidance on May 8 2024, for the
period ended June 30, was for revenue between $12.50 million and
$13.00 million.
    * ​LSEG's mean analyst estimate for Valens Semiconductor Ltd
is
for a loss of 6 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 $2.30. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 12.5 million and -8 million (USD).The
company's guidance on May 8 2024 for the period ended June 30
was for gross profit margin between USD52% and USD52.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.02       -0.02      -0.06     Missed  -140
 Dec. 31 2024  -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.        -0.07       -0.07      -0.03     Beat    57.4
 31 2023                                                
 Dec. 31 2022  -0.09       -0.11      -0.03     Beat    71.9​
 Sep. 30 2022  -0.08       -0.08      -0.02     Beat    74.9
 Jun. 30 2022  -0.09       -0.09      -0.04     Beat    56.4
 This summary was machine generated August 5 at 14:58 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)