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

Valens Semiconductor

08/05/2024 14:31

* Valens Semiconductor Ltd  VLN.N  reported a quarterly
adjusted
loss of 6 cents​​ per share for the quarter ended in March,
lower 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 2 cents per share. Wall Street
expected results to range from -4 cents to -1 cents per share.
    * Revenue fell 51.6% to $11.56 million from a year ago;
analysts
expected $11.07 million. 
    * Valens Semiconductor Ltd's reported EPS for the quarter
was a
loss of 10 cents​.
    * The company reported a quarterly loss of $10.04 million.
    * Valens Semiconductor Ltd shares had risen by 4.3% this
quarter and held steady so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 61.5%
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 May 8 at 01:31
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
 Mar. 31 2024      -0.02          -0.06          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