Valens Semiconductor Ltd reports results for the quarter ended in December - Earnings Summary

Valens Semiconductor

28/02/2024 16:36

* Valens Semiconductor Ltd  VLN.N  reported quarterly
adjusted
earnings of 6 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -3 cents.  The mean expectation of
three analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -2 cents
tozero cents per share.
    * Revenue fell 6.5% to $21.94 million from a year ago;
analysts
expected $21.78 million. 
    * Valens Semiconductor Ltd's reported EPS for the quarter
was 3
cents​.
    * The company reported quarterly net income of $2.79
million.
    * Valens Semiconductor Ltd shares had fallen by 3.7% this
quarter.

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 3 "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 Valens
Semiconductor Ltd is $4.00 
This summary was machine generated from LSEG data February 28 at
04:35 p.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
 Dec. 31 2023      -0.01          0.06           Beat
 Sep. 30 2023      -0.09          -0.08          Beat
 Jun. 30 2023      -0.05          0.00           Beat
 Mar. 31 2023      -0.07          -0.03          Beat