Valens Semiconductor (VLN) Scheduled to Post Quarterly Earnings on Wednesday

Valens Semiconductor (NYSE:VLN) is set to issue its quarterly earnings data 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.Persons 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 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.07. Valens Semiconductor had a negative return on equity of 12.05% and a negative net margin of 23.36%. The firm had revenue of $21.94 million during the quarter, compared to the consensus estimate 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 Stock Performance

VLN stock opened at $2.35 on Wednesday. The stock’s 50 day moving average price is $2.29 and its 200 day moving average price is $2.29. The firm has a market cap of $244.78 million, a P/E ratio of -12.37 and a beta of 0.32. Valens Semiconductor has a 1 year low of $1.91 and a 1 year high of $2.78.

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.