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

Valens Semiconductor

07/08/2024 19:38

* Valens Semiconductor Ltd  VLN.N  reported a quarterly
adjusted
loss of 4 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported
breakeven earnings per share.  The mean expectation of
three analysts for the quarter was for a loss of 6 cents per
share. Wall Street expected results to range from -8 cents to -5
cents per share.
    * Revenue fell 43.8% to $13.60 million from a year ago;
analysts
expected $12.71 million. 
    * Valens Semiconductor Ltd's reported EPS for the quarter
was a
loss of 8 cents​.
    * The company reported a quarterly loss of $8.87 million.
    * Valens Semiconductor Ltd shares had fallen by 23.2% this
quarter and held steady so far this year.

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 August 7 at
06:38 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
 Jun. 30 2024      -0.06          -0.04          Beat
 Mar. 31 2024      -0.02          -0.06          Missed
 Dec. 31 2023      -0.01          0.06           Beat
 Sep. 30 2023      -0.09          -0.08          Beat