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

Valens Semiconductor

04/11/2024 15:36

* Valens Semiconductor Ltd  VLN.N   VLN  is expected to show
a
rise in quarterly revenue when it reports  results on November 6
for the period ending September 30 2024
    * The Hod Hasharon Israel-based   company is expected to
report a
6.6% increase in revenue to $15.1 million from $14.17 million a
year ago, according to the mean estimate from 2 analysts, based
on LSEG data.The company's guidance on August 7 2024, for the
period ended September 30, was for revenue between $14.70
million and $15.40 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
"strong buy"
and the breakdown of recommendations is 2 "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 $3.50​, above​ its last closing price
of $1.75. ​​​

The company's guidance on August 7 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 14.7 million and -6.3
million (USD).The company's guidance on August 7 2024 for the
period ended September 30 was for gross profit margin between
USD52% and USD53%.
This summary was machine generated November 4 at 15:36 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)