Valens Semiconductor (VLN) Set to Announce Quarterly Earnings on Wednesday

Valens Semiconductor (NYSE:VLN) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.07) per share for the quarter. Valens Semiconductor has set its Q2 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Valens Semiconductor (NYSE:VLN) last released its earnings results on Wednesday, May 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $11.56 million for the quarter, compared to analyst estimates of $11.10 million. Valens Semiconductor had a negative return on equity of 14.14% and a negative net margin of 33.86%. On average, analysts expect Valens Semiconductor to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Valens Semiconductor Price Performance

VLN stock opened at $2.31 on Tuesday. The business’s 50-day moving average is $2.86 and its two-hundred day moving average is $2.52. Valens Semiconductor has a 1 year low of $1.91 and a 1 year high of $3.39. The firm has a market capitalization of $240.61 million, a P/E ratio of -9.58 and a beta of 0.39.

Analyst Ratings Changes

Separately, Chardan Capital reiterated a “buy” rating and set a $4.00 target price on shares of Valens Semiconductor in a research note on Thursday, May 9th.

About Valens Semiconductor

Valens Semiconductor Ltd. engages in the provision of semiconductor products for the audio-video and automotive industries. The company offers HDBaseT technology, which enables the simultaneous delivery of ultra-high-definition digital video and audio, Ethernet, USB, control signals, and power through a single long-reach cable.