Valens Semiconductor (VLN) Scheduled to Post Earnings on Wednesday

Valens Semiconductor (NYSE:VLN) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Valens Semiconductor has set its Q2 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Valens Semiconductor (NYSE:VLN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.07. Valens Semiconductor had a negative net margin of 23.36% and a negative return on equity of 12.05%. The firm had revenue of $21.94 million for the quarter, compared to analyst estimates of $21.80 million. 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

Shares of NYSE VLN opened at $2.41 on Monday. Valens Semiconductor has a fifty-two week low of $1.91 and a fifty-two week high of $2.78. The firm has a market capitalization of $251.03 million, a P/E ratio of -12.68 and a beta of 0.30. The company’s 50 day simple moving average is $2.29 and its 200 day simple moving average is $2.29.

Valens Semiconductor Company Profile

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.