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

Valens Semiconductor

09/08/2023 14:31

* Valens Semiconductor Ltd  VLN.N  reported quarterly
breakeven
results​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for a loss of 5
cents per share.
    * Revenue rose 7.5% to $24.18 million from a year ago;
analysts
expected $23.97 million. 
    * Valens Semiconductor Ltd's reported EPS for the quarter
was a
loss of 5 cents​.
    * The mean earnings estimate of analysts had risen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Valens Semiconductor Ltd shares had fallen by 2.4% this
quarter and lost 54.0% so far this year.
    * The company reported a quarterly loss of $4.58 million.
    * Wall Street's median 12-month price target for Valens
Semiconductor Ltd is $5.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.05          0.00           Beat
 Mar. 31 2023      -0.07          -0.03          Beat
 Dec. 31 2022      -0.11          -0.03          Beat
 Sep. 30 2022      -0.08          -0.02          Beat