Valens Semiconductor, Ltd. (VLN) announced break-even quarterly earnings per share, beating the Zacks Consensus Estimate of a loss of $0.05 per share. This is an improvement from a loss of $0.08 per share reported a year ago. The figures have been adjusted for non-recurring items.

The company’s quarterly report showcases an earnings surprise of 100%. In the previous quarter, analysts expected a loss of $0.06 per share, but Valens Semiconductor actually produced a loss of $0.03, resulting in a 50% surprise.

Over the last four quarters, Valens Semiconductor has consistently exceeded consensus EPS estimates, surpassing expectations four times.

In terms of revenue, Valens Semiconductor reported $24.18 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 0.73%. This is an increase from the $22.48 million in revenues from the same quarter in the previous year. The company has exceeded consensus revenue estimates four times over the last four quarters.

The stock’s performance will depend on management’s commentary during the earnings call. Valens Semiconductor shares have experienced a 54% decline since the beginning of the year, while the S&P 500 has gained 17.2%.

Looking ahead, the company’s earnings outlook will play a significant role in determining its future performance. Analysts will closely monitor any changes in earnings estimates. Currently, Valens Semiconductor holds a Zacks Rank #3 (Hold), suggesting that its performance is expected to align with the market in the near future.

Investors should also consider the outlook for the semiconductor industry, as it can impact the stock’s performance. In terms of the Zacks Industry Rank, Electronics – Semiconductors is in the top 41% of over 250 Zacks industries.

In the same industry, Ambarella (AMBA) is yet to release its quarterly results for the period ending July 2023. The results are scheduled to be unveiled on August 29. Analysts anticipate that Ambarella will report a quarterly loss of $0.21 per share, a year-over-year change of -205%.

It will be interesting to observe any changes in earnings estimates for both Valens Semiconductor and Ambarella in the coming quarters. Currently, the consensus estimate for Valens Semiconductor is a loss of $0.09 per share on revenues of $14.1 million for the upcoming quarter, and a loss of $0.19 per share on revenues of $83.97 million for the current fiscal year.

For further analysis and investment recommendations, investors can consult Zacks Investment Research.

The post Valens Semiconductor Reports Break-Even Quarterly Earnings, Surpassing Expectations appeared first on TS2 SPACE.