Earnings Update: Arteris, Inc. (NASDAQ:AIP) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts [Yahoo! Finance]
Arteris, Inc. (AIP)
Company Research
Source: Yahoo! Finance
Revenue hit US$13m in line with forecasts, although the company reported a statutory loss per share of US$0.25 that was somewhat smaller than the analysts expected. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year. See our latest analysis for Arteris After the latest results, the four analysts covering Arteris are now predicting revenues of US$56.1m in 2024. If met, this would reflect a satisfactory 5.0% improvement in revenue compared to the last 12 months. Losses are forecast to narrow 2.7% to US$0.94 per share. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$56.0m and losses of US$0.97 per share in 2024. So there seems to have been a moderate uplift in analyst sentiment
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News
- Arteris, Inc. (NASDAQ: AIP) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $9.00 price target on the stock, down previously from $11.00.MarketBeat
- Arteris, Inc. (NASDAQ:AIP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- RCAT, SMFL and NUVO among mid-day movers [Seeking Alpha]Seeking Alpha
- Arteris, Inc. (NASDAQ: AIP) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $15.00 price target on the stock.MarketBeat
- Arteris Announces Financial Results for the First Quarter 2024 and Second Quarter and Full Year 2024 Guidance [Yahoo! Finance]Yahoo! Finance
AIP
Earnings
- 5/2/24 - Beat
AIP
Sec Filings
- 5/14/24 - Form 4
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- AIP's page on the SEC website