Analyst Valuation and EPS Growth for Sequans Communications (NYSE:SQNS)

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Earnings results for Sequans Communications (NYSE:SQNS)

Sequans Communications S.A. is expected* to report earnings on 10/27/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.23. The reported EPS for the same quarter last year was $-0.32.

Sequans Communications last released its earnings results on July 28th, 2020. The semiconductor company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by $0.08. The business earned $12.23 million during the quarter, compared to analyst estimates of $12 million. Sequans Communications has generated ($1.37) earnings per share over the last year. Sequans Communications has confirmed that its next quarterly earnings report will be published on Tuesday, October 27th, 2020.

Analyst Opinion on Sequans Communications (NYSE:SQNS)

5 Wall Street analysts have issued ratings and price targets for Sequans Communications in the last 12 months. Their average twelve-month price target is $10.35, predicting that the stock has a possible upside of 92.02%. The high price target for SQNS is $12.25 and the low price target for SQNS is $8.50. There are currently 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Sequans Communications has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $10.35, Sequans Communications has a forecasted upside of 92.0% from its current price of $5.39. Sequans Communications has received no research coverage in the past 90 days.

Dividend Strength: Sequans Communications (NYSE:SQNS)

Sequans Communications does not currently pay a dividend. Sequans Communications does not have a long track record of dividend growth.

Insiders buying/selling: Sequans Communications (NYSE:SQNS)

In the past three months, Sequans Communications insiders have not sold or bought any company stock. Only 9.40% of the stock of Sequans Communications is held by insiders. 51.00% of the stock of Sequans Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sequans Communications (NYSE:SQNS

Earnings for Sequans Communications are expected to grow in the coming year, from ($1.11) to ($0.56) per share. The P/E ratio of Sequans Communications is -2.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Sequans Communications is -2.90, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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