Zacks: Brokerages Anticipate Sequans Communications S.A. (NYSE:SQNS) to Post -$0.16 Earnings Per Share

Wall Street brokerages forecast that Sequans Communications S.A. (NYSE:SQNS) will report ($0.16) earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Sequans Communications’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.19). Sequans Communications reported earnings of ($0.28) per share during the same quarter last year, which would indicate a positive year over year growth rate of 42.9%. The business is expected to announce its next quarterly earnings report on Tuesday, February 8th.

On average, analysts expect that Sequans Communications will report full-year earnings of ($0.60) per share for the current year, with EPS estimates ranging from ($0.63) to ($0.56). For the next financial year, analysts expect that the company will report earnings of ($0.34) per share, with EPS estimates ranging from ($0.42) to ($0.26). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sequans Communications.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings results on Monday, November 1st. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $11.89 million during the quarter, compared to the consensus estimate of $12.75 million. During the same quarter last year, the company earned ($0.30) earnings per share.

A number of equities analysts have commented on the company. Robert W. Baird restated a “buy” rating and set a $12.00 price objective on shares of Sequans Communications in a research note on Thursday, August 5th. Zacks Investment Research raised Sequans Communications from a “sell” rating to a “hold” rating in a report on Tuesday, November 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $11.00.

SQNS opened at $5.46 on Friday. The stock has a market cap of $204.39 million, a price-to-earnings ratio of -7.60 and a beta of 0.89. Sequans Communications has a 12-month low of $4.05 and a 12-month high of $9.57. The business has a 50 day moving average of $4.90 and a 200-day moving average of $5.22.

Several institutional investors have recently added to or reduced their stakes in SQNS. Royal Bank of Canada increased its stake in Sequans Communications by 2,650.0% in the first quarter. Royal Bank of Canada now owns 5,390 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 5,194 shares during the last quarter. Goldman Sachs Group Inc. bought a new position in Sequans Communications in the third quarter valued at $50,000. Cubist Systematic Strategies LLC bought a new position in Sequans Communications in the first quarter valued at $81,000. HRT Financial LP bought a new position in Sequans Communications in the first quarter valued at $92,000. Finally, White Pine Capital LLC bought a new position in Sequans Communications in the second quarter valued at $86,000.

About Sequans Communications

Sequans Communications SA is a developer and provider of 5G and 4G chips and modules for massive, broadband, and critical IoT. For 5G and 4G massive IoT applications, Sequans provides a comprehensive product portfolio based on its flagship Monarch LTE-M/NB-IoT and Calliope Cat 1 chip platforms, featuring low power consumption, a large set of integrated functionalities, and global deployment capability; For 5G and 4G broadband and critical IoT applications, Sequans offers a product portfolio based on its Cassiopeia Cat 4 and Cat 6 4G and high-end Taurus 5G chip platforms, optimized for low-cost residential, enterprise, and industrial applications.

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