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

Reuters
Nov 04, 2024
Valens Semiconductor Ltd <vln.n> expected to post a loss of 6 cents a share - Earnings Preview </vln.n>

  • 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)

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